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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 usedcar market.
While the Southeast recovers from the devastating impacts of Hurricanes Helene and Milton, their lingering effects are still being felt in the usedcar market. For those in the market for a used vehicle, this means extra caution is necessary. earlier this year.
The used vehicle market in 2024 was a rollercoaster, influenced by a mix of factors, according to DesRosiers Automotive Consultants. A survey of UsedCar Dealers Association members highlighted a stark contrast between independent used vehicle dealers and franchised new vehicle dealers.
For stakeholders in the automotive industry, particularly in the usedcar 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.
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.
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 usedcars, 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.
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 usedcar inventory with well-cared-for vehicles.
Consult a mechanic: Experts at AutoNation Mobile Service can provide the necessary assistance if you’re unsure. Dispose of the old oil : Pour the usedcar oil into a secure container and take it to a recycling facility or auto shop. While topping up your car oil is essential, knowing when to check it is also vital.
Meta description: Discover why vehicle history reports are crucial for usedcar transactions, providing transparency, negotiation leverage, and peace of mind for both buyers and sellers. In the complex world of usedcar purchases, vehicle history stands as perhaps the most valuable tool for both buyers and sellers.
It’s no secret that dealers are facing a complex set of challenges when sourcing usedcar inventory. While supply constraints have been a major focus, it’s also important to consider how demand dynamics are influencing the usedcar market and complicating dealerships’ ability to source inventory effectively.
In my extensive years of service consulting, the phrase “money left on the table” has been a constant rallying cry for both consultants and technology products urging clients to optimize their revenue potential. To illustrate this point, I conducted an eye-opening exercise at a large Lexus store involving 45 technicians.
Meanwhile, Todd Caputo, president of Todd Caputo Consulting, sees a multifront storm potentially impacting the used-car industry, too, and not just in the Southeast. Some of the flood-damaged cars that aren’t rebuilt here in the U.S. But then, the industry consultant noted another storm brewing. “If
As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector. The pandemic has accelerated changes in consumer behavior and expectations, leading to a notable shortage in the new- and used-car day’s supply.
As buyers hurry to lock in pre-tariff pricing on new models, that sense of urgency is starting to show up in used-car activity too. At the same time, some foreign-based carmakers have begun to pause or slow shipments to the U.S. as they reassess their pricing strategies and production.
It’s a gauge of how many vehicles are trending to be sold that year and helps us compare sales volume against other points in history — or does it? Something the automotive SAAR doesn’t capture is the part that usedcar sales play in your store’s profitability. You don’t even have to give us your name if you don’t want to.
However, knowing the possible causes can help you decide between a DIY fix or consulting certified technicians. Use the OBD-II scanner to reset the CEL. Now, consulting a mechanic or Subaru service center for diagnosis comes with a price. So, what triggers it? And what steps should you take? Let’s review the estimates.
In fact, it is extremely common for usedcars to fail the first safety inspection. Seek Professional Guidance Consult with your local mechanic. If they believe the car is unsafe to drive, they will give you their professional opinion and you may have to make some big decisions regarding purchasing a new car.
Meanwhile, the average usedcar price has essentially doubled to $36,000 over the same period. DesRosiers Automotive Consultants reported that transaction prices for passenger cars are averaging nearly $46,000 and light trucks are coming in at almost $55,000 on average.
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