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Here’s how Canadians are approaching car buying

Auto Service World

Canadians are also increasingly open to both new and used vehicles. Nearly half (47 per cent) of used-car buyers consider new vehicles, while 36 per cent of new-car buyers are exploring used options. Despite this, cars still maintain a significant presence, making up 49 per cent of all vehicle searches.

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Odomoters keep rising, boosting aftermarket

Auto Service World

As the age of cars and light trucks continue to rise, vehicle odometer readings continue to climb, driving growth in the aftermarket for internal combustion engine (ICE) vehicles. “Older cars and light trucks generate more aftermarket product use per mile than newer models,” the report said.

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Trucks, SUVs head list of best-selling used vehicles, but Tesla EVs moving up

Auto Remarketing

Its not a surprise to find full-sized pickup trucks at the top of a list of Americas 100 best-selling used vehicles. million used car sales from the past five model years to identify the most popular used cars bought in 2024. 1-selling used vehicle in the 50 largest U.S.

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Here's How Much Used Car Prices Have Gone Up This Year

Jalopnik

Although the year began with declines in the average used car price, the trend quickly shifted. According to the CarGurus Used Car Price Index , which tracks millions of used car prices, prices drifted down from December to February. overall, since the start of the year.

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Study names Honda Fit the most reliable used car for the money

Auto Remarketing

If reliability and value are your customers top priorities for a used car, you might want to make sure the Honda Fit is on your lot. Thats less than half the $3,426 average for all 5-year-old used vehicles. 1 among both 5- and 10-year-old SUVs, while the Nissan Frontier was the leader among trucks at both age levels.

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CARFAX adds month-over-month data to used-car price index; how that plays out in November

Auto Remarketing

With that in mind, CARFAX has added month-over-month insights to its Used Car Index reports, the first major change in these recaps since their April 2023 debut. They were followed by pickup trucks (down 6.1%), SUVs (down 5.2%), luxury SUVs (down 4.6%) and cars (down 4.5%). Luxury car prices were down 2.1%

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Prices plateau in more stable used-car environment

Auto Remarketing

The CARFAX Used Car Index made its debut a year ago, and in an analysis recapping the latest installment , the company pinpointed three retail used-car pricing trends that have stood out. Tom Kontos, the chief economist at ADESA, has noticed a similar flattening in wholesale used-car prices. year-over-year.

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