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Report: Tariff worries fuel record used-car sales in March

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But the marketing and data software firm understands why cars have been flying out of dealerships for the past month. But what we do know is consumers are rushing to buy new, used and certified vehicles in anticipation of severe price hikes due to tariffs that were implemented April 3. The report showed used-car sales hit 1.53

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Tariff-fueled new-car volatility drives used-car momentum, studies show

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And that’s good news for the used-car sector. Used sales jumped almost 4% in May to their second-highest monthly total in more than a year as consumers turned to more affordable used options, according to new data from automotive marketing and data software firm ZeroSum and car-shopping platform Edmunds.

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Supply and demand shows up in rising used-car prices

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And as the law of supply and demand decrees, used car prices are beginning to rise, according to CarGurus’ August 2024 Intelligence Report , released this week. The report showed used-car inventory levels down in August for the third consecutive month, dropping 2% below last year and 7.4% below August 2022 levels.

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Lotlinx: Q3 shows high day supply, largely aging vehicle inventory

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Here’s more evidence the used-car market is a complex place nowadays. The entire report that offers insights into the current state of the automotive retail market for both new and used vehicles, inventory risk, vehicle sales, consumer preferences and markdown/pricing strategies can be downloaded here.

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Cars Commerce report: All quiet on the used-car front

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The latest numbers from Cars Commerce show a new-car market in flux, with prices falling as excess inventory builds up. In the used-car world, on the other hand, all is calm and steady. The age of those used cars is steadily increasing, which means consumers are now getting an older car for the money than they had before.

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Used-car sales rise as new-used price gap widens, ZeroSum report shows

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Sales of used cars and certified pre-owned vehicles took a big jump in February, thanks to falling prices that have widened the price gap between new and used vehicles, according to the latest State of the Dealer Report from ZeroSum. million used vehicles last month, up from 1.13

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Used-car buyers drive rapid rise in customer satisfaction, Cox study shows

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While car prices were high in 2023, car buyers — especially used-car buyers — were increasingly happier with their experience, according to the latest research from Cox Automotive. New-car buyers matched the all-time high 79% set in 2020, while 73% of used-car shoppers reported being highly satisfied, up from 70% in 2022.