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How a lack of off-lease vehicle is hurting the used market

Auto Service World

The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market. This trend is expected to persist through 2027, according to DesRosiers Automotive Consultants. Off-lease vehicles are a key source of product for the used car market.

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Hurricane-Damaged Vehicles Still Impacting Used Car Market Months After Storms

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While the Southeast recovers from the devastating impacts of Hurricanes Helene and Milton, their lingering effects are still being felt in the used car market. For those in the market for a used vehicle, this means extra caution is necessary. earlier this year.

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How pricing balance is coming back to used vehicles

Auto Service World

The used vehicle market in 2024 was a rollercoaster, influenced by a mix of factors, according to DesRosiers Automotive Consultants. A survey of Used Car Dealers Association members highlighted a stark contrast between independent used vehicle dealers and franchised new vehicle dealers.

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COMMENTARY: How blockchain is set to transform the automotive industry

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For stakeholders in the automotive industry, particularly in the used car market, understanding how blockchain can reshape the sector is not just about keeping pace it’s about seizing opportunities for efficiency, transparency, and growth. Brad can be reached via email at brad@leroylynn.com.

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Navigating Change and Uncertainty: A Game Plan for Auto Dealers in 2025

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To thrive in this environment, dealers must adopt a strategic game plan that focuses on navigating change and uncertainty while remaining consultative and customer-centric. With the potential for new vehicle prices to skyrocket, more shoppers may turn to used vehicles as a more affordable option.

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Vendor Hall of Mirrors

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AI is a tool in a larger toolkit, but its important to know when to use it. If you want to produce unique descriptions for all your used cars, someone can easily train generative AI to do that at the dealership level, with great effect. If you dont, Wikimotive does offer free marketing consultations to dealers.

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From Sale to Service: Building Loyalty and Profitability Post-Sale 

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By securing a VSC post-sale, dealers can lock in this relationship, encouraging repeat business for future car purchases. Additionally, a well-maintained car with a solid service record becomes a valuable trade-in option, presenting an opportunity to enhance the dealerships used car inventory with well-cared-for vehicles.

Vehicle 52