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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.
This, however, can make your car buying journey more challenging. This guide will walk you through the process of finding the most reliable usedcar dealers in River City, ensuring you drive away with a great vehicle and peace of mind. They can help you snag the most popular and best-priced usedcars your money could buy.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles.
Small competitors positioned at the lower end of the market started absorbing business from usedcar lots and garages, which focused on budget-conscious customers. Over the course of just three years, it became nearly impossible for us to compete in the import parts segment. In fact, in both Canada and the U.S.,
The usedcar market, for the most part, has shifted back in favor of the buyers instead of the sellers. With deals to be had on most of your typical cars and incredible savings on EVs, it also means that some dealers are pulling out all the stops to get you in the door even if the real price isnt what it appears Read more.
When that shopper is waffling over whether the timing is right to buy a usedcar, here’s a selling point a dealer can pass along to that indecisive consumer, courtesy of CARFAX. As it stands, retail prices for used vehicles have slowed significantly year-over-year: used SUVs are down 9.5%
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. Automate compliance: Regulatory compliance in finance is often complex and time-consuming.
For one thing, consumers are catching a break in financing. OEMs and Dealers Respond Automakers are moving quickly to shield both themselves and their customers by offering cash incentives and loyalty programs, low-APR financing, prepaid maintenance and warranty extensions, and lease flexibility. So what’s an average consumer to do?
Simplifying the Car-Buying Experience CarGurus has fundamentally changed the way consumers search for and purchase vehicles. Transparency in Pricing and Deals One of the most significant pain points in the traditional car-buying process is price ambiguity. Buyers often feel uncertain about whether they are getting a fair deal.
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.
Like the Earp brothers in “Tombstone,” the used-car industry is reuniting in Arizona this year for UsedCar Week. While the sunshine, balmy climate and cool desert nights remain, much has changed in the five years since UsedCar Week made its way to the Grand Canyon State.
Vehicle prices continued a downward trend in July — the most of any major category in the Consumer Price Index (CPI) over the last year as the car market continues its return to "normal" following pandemic-fueled inflation. Usedcar prices fell 2.3% New car prices fell 0.2% New car prices fell 0.2% in July and 1.4%
As part of the inaugural Automotive Intelligence Awards , Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. The full conversation can be found below.
When shopping for usedcars , buyers tend to care the most about price, fuel economy and reliability, because, well, duh. You need to be able to afford your car, you don’t want to spend a fortune filling it up and you just want it to work.
We talked with their usedcar manager, Bryan Bough, about their private-party buying program. They didnt just tweak their existing process; they completely reinvented how they acquire usedcars. But to understand why, we need to examine how car dealerships typically work and why Dennis Dillons approach was so different.
When a prospective buyer of a used vehicle from CarMax doesn’t qualify for financing, they’ll likely be offered a loan from Exeter Finance as a lender of last resort.
Independent car dealerships must remain competitive compared to other independent dealers in their area and large national chains with big budgets, a strong brand identity, and access to a nationwide inventory. Offer financing options: Just like a variety of cars, customers like a variety of financing options.
As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
We’ve known for a while that things weren’t going great for the online usedcar dealer Vroom. Back in 2022, it was sued by the state of Texas for its shady sales practices and later that year managed to lose more than $50 million in a single quarter. Now that Vroom has finally shut down, seemingly for good, Click2Houst… Read more.
As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. He shares his story in the podcast conversation below.
As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries.
I’ve been blogging about car buying for about ten years, and I’ve seen some pretty bad takes over that time when it comes to giving consumers advice. However, this most recent one might take the cake with the overall thesis that certain really popular models make for good usedcar deals because they don’t depreciate… Read more.
Perhaps it’s jumping to conclusions, but the only segment in Black Book’s tracking to squeeze out a wholesale value uptick last week might relate to vehicles in position to solve one of the pressing current challenges to get carsfinanced and retailed.
The report cited its December survey of more than 1,000 consumers to show preference for SUV and trucks has dropped slightly SUVs down from 44% in 2023 to 43%, trucks from 9% to 7% and crossovers from 8% to 6% while car segments rose in popularity. The 47% who project used-car profitability was well above the 21% who did so a year earlier.
Listen: Kumar Saha explores the implications of tariffs for the auto care sector The Automotive Industries Association of Canada came out Monday saying that its keeping an eye on developments and is in close contact with federal departments, such as finance and Innovation, Science and Economic Development (ISED). over border concerns.
Honda is going to start offering a leasing program for its certified pre-owned vehicles because new car prices are just way too high at this point. The program is beingv aimed at buyers who want to keep their monthly payments low and don’t have the upfront cash for a big down payment, according to a statement from Honda Read more.
You probably remember when the Hyundai Palisade and Kia Telluride were some of the hottest family crossovers on the market. Demand far outpaced supply, and many customers paid well over MSRP for these three-row SUVs. With upgraded versions on the horizon, its a good time to remind you that you dont need to spend a Read more.
Picture this: youre scrolling through usedcars online. If you’re eyeing salvage title cars for sale , this article will help you make the right call. A salvage title is given to a car that’s been declared a total loss by an insurance company. It doesnt always mean the car is junk. That car has a story.
Happy Friday! Its December 27, 2024, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more.
While the groundhog hasn’t delivered his forecast yet, it seems spring might be on the way in the wholesale car market. Used-vehicle prices were down again as January ended, but the pace of depreciation is decelerating, according to the latest report from Black Book. In turn, that is helping to drive down the cost of usedcars.”
Higher rates lead to increased monthly payments, making vehicle financing more challenging. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for usedcar loans. This is a significant increase from two years ago, when the average new car interest rate was 4.1%
While its likely that an alliance between Honda, Nissan, and Mitsubishi will materialize sometime in 2026 , right now is a great time to score a usedcar deal on the Nissan EV that most people forgot about. You have probably heard things havent been looking good for Nissan. Read more.
Rising interest rates, record-high monthly payments and fluctuating usedcar valuations have changed the customer journey. Building a Data-Driven Culture of Agility Technology alone doesnt create transformation; its how teams use it that matters. The automotive retail environment has entered a period of accelerated change.
What about renting cars? At the same time, the dealership can eliminate any transportation outsourcing and control its own short and long-term rental operations. How about a walk-in that cant be closed today and needs an extended test drive and doesnt mind paying for the privilege?
It’s a well-known fact that cars are money pits , especially brand new cars that lose a large portion of their value the instant they’re driven off the dealer lot. Buying a usedcar will save you money , since the first owner took the brunt of depreciation, but depending on the condition of the usedcar you buy it can… Read more.
In the automotive industry, for example, a customer purchasing a usedcar needs confidence that the vehicle will perform well and last for the long term. This is especially true in sectors like automotive, where consumers demand quick, hassle-free transactions and the assurance that they are making sound investments.
Brands With the Best Experience While individual dealerships play a crucial role in shaping the car-buying experience, a brand’s overall reputation also influences consumer trust and loyalty. Cars.com has announced the winners of its Dealer of the Year Awards, presented annually to the top automotive dealers across North America.
During the coronavirus pandemic, inventory was historically low, customers frequently paid above MSRP and financedcars at higher interest rates and for longer periods of time. This in turn has resulted in a surplus of new cars sitting on lots. Then ensure staff are trained to use the new system effectively.
By all accounts, entry level cars from the likes of Saturn , Geo and Daewoo weren’t exactly hidden gems or the best bargains around. But it was nice to know that there were cars people could actually afford straight out of college or on minimum wage. New cars that cost under $20,000 are scarce now; in light of this,… Read more.
The world of car dealerships is a dynamic and ever-evolving industry that operates in tandem with economic cycles. In a down market, car dealerships face unique challenges that test their adaptability and resilience. This not only attracts budget-conscious buyers but also allows dealers to profit from higher margins on usedcars.
The car-buying public has a message for the used-car industry, and it’s this: We don’t want to pay too much for a vehicle. That message was clearly conveyed in CarGurus’ latest Quarterly Review, which found sales of lower-priced usedcars rising and high-end vehicle sales falling. “As
The software suite includes a user-friendly dashboard that offers analysis and reporting across key dealership areas including digital marketing, inventory retailing, lead handling, sales performance and finance performance. At its core, Benchmark sets goals at the individual level and then holds everyone accountable to do their part.”
The newly-introduced Silver Certification level will include significantly reduced warranties compared to the reassurances granted to cars eligible for the… Read more. Toyota has expanded its certified pre-owned program requirements to include vehicles that are up to 10 model years old and have up to 125,000 miles.
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