autoevolution

MARCH 20, 2025

Amazon is planning to enter the used car market and help dealers sell pre-owned vehicles. Nowadays, you can buy used cars everywhere. The online retail giant has been selling new Hyundais since 2024, based on a partnership announced at the Los Angeles Auto Show in November 2023.

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Auto Remarketing

JULY 30, 2024

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 cars financed and retailed.

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Motor Verso

MAY 26, 2024

Recent research shows that 92% of UK car owners use car financing to buy their vehicles. As of 2023, Brits… Read more » The post Car Financing: What Are The Pros And Cons Of PCP Finance? appeared first on Motor Verso.

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Auto Remarketing

JANUARY 8, 2025

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. Automate compliance: Regulatory compliance in finance is often complex and time-consuming.

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AutoSuccess

SEPTEMBER 6, 2024

In today’s economic climate, consumers are grappling with extreme inflationary pressures affecting vehicle ownership. Auto dealers are particularly impacted, facing challenges in vehicle availability and profitability. The Impact of Inflation on Vehicle Ownership Inflation creates significant increases in the cost of vehicle ownership.

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AutoSuccess

JUNE 16, 2025

imposed a sweeping 25% tariff on imported vehicles — part of a broader strategy aimed at pressuring foreign governments to shift manufacturing to U.S. Up-Front Costs Versus Total Cost of Ownership It can be discouraging to learn that new vehicle prices are expected to increase by $5,000 to $10,000, with J.D. In April 2025, the U.S.

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Auto Service World

MARCH 23, 2025

In this article, well explore how CarGurus is reshaping the automotive marketplace and changing the car-buying process for consumers and dealerships alike. Simplifying the Car-Buying Experience CarGurus has fundamentally changed the way consumers search for and purchase vehicles.

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Jalopnik

SEPTEMBER 12, 2024

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.

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AutoSuccess

FEBRUARY 17, 2025

How Dennis Dillon Auto Group Built a Winning Private-Party Buying Program Most car dealers think the best used vehicles are found at auctions. We talked with their used car manager, Bryan Bough, about their private-party buying program. Theyre wrong. The real gems are sitting in your customers driveways.

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Autoblog: Repairs

AUGUST 14, 2024

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. Used car prices fell 2.3% New car prices fell 0.2% New car prices fell 0.2%

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AutoSuccess

JULY 9, 2024

It’s no secret that dealers are facing a complex set of challenges when sourcing used car inventory. While supply constraints have been a major focus, it’s also important to consider how demand dynamics are influencing the used car market and complicating dealerships’ ability to source inventory effectively.

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Solera

AUGUST 8, 2023

Industry Trends in 2023 While the used car boom that sent prices sky high may be winding down, there is still a large demand for quality used vehicles. Once seemingly overvalued, older cars will take the biggest hit, while late-model cars will hold steady or decline slightly, mirroring the trend for new cars.

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Auto Remarketing

OCTOBER 3, 2023

High vehicle prices and interest rates are delivering an economic one-two punch that is being felt throughout the used-vehicle ecosystem. Think consumer financing and monthly payments, dealership inventory and certified used vehicles, and residuals and repossessions. 6-9 in Scottsdale, Ariz.

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Auto Service World

FEBRUARY 4, 2025

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). ” The U.S.

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Jalopnik

OCTOBER 12, 2023

Used cars are finally getting a little cheaper, according to Cox Automotive. After what seemed like an interminable series of price hikes across all vehicle segments, used prices are going down. The only caveat is that pickup trucks are trending in the other direction and are getting slightly more expensive instead.

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Jalopnik

OCTOBER 25, 2023

The pre-owned car market is still in a weird place. Some segments like electric vehicles have some hefty savings , but most pre-owned cars are still selling for inflated prices. If you happen to come across a used car that seems too good to be true, make sure the dealer can answer these questions. Read more.

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Jalopnik

AUGUST 16, 2024

The used car market has been an up-and-down mess since at least 2020, with reduced new car inventory pushing more buyers into pre-owned purchases , which reduced the revolving supply of trade-ins. This perfect storm of pandemic-induced chip-shortage used car inflation appears to finally be subsiding.

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Jalopnik

DECEMBER 26, 2023

Edward Scott Rock, a Philadelphia used car dealer , was arrested last week by federal authorities on charges of mail and wire fraud. Rock is accused of accepting payments from around 120 buyers across 36 states but failing to deliver a vehicle.

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Jalopnik

AUGUST 20, 2024

Used car prices are s teadily dropping, mostly due to oversupply , and while electric and luxury vehicles are being hit the hardest, other segments don’t always see a big savings gap between new and used. Read more.

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Auto Remarketing

JANUARY 24, 2025

Pickup trucks and SUVs have long been the dominant vehicles in the U.S. The survey showed 43% of consumers said they will definitely or most likely buy a new car, while 30% said the same about their likelihood of buying used, a 30% year-over-year drop.

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Auto Service World

APRIL 26, 2025

Picture this: youre scrolling through used cars online. In most states, that threshold is 7590% of the cars value. From that moment on, its flagged in the vehicle’s history. So, if you’re buying a used car and the title says “salvage”? That car has a story. But then you see it.

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Auto Service World

MARCH 29, 2025

For businesses dealing with high volumes of transactions or rapid product turnover, such as those in the used vehicle market, efficiency can mean the difference between success and failure. Take a look at used vehicles in Orlando from citykia.com. In addition, businesses must focus on their internal reliability.

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Jalopnik

DECEMBER 15, 2023

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.

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Auto Remarketing

SEPTEMBER 13, 2024

That’s the message of a new report from Edmunds head of insights Jessica Caldwell that examines the disconnect between what car shoppers want to pay for their next vehicle and what the market says they’ll have to pay. While vehicle prices are coming down from their post-COVID peaks, they’re still well above pre-pandemic levels.

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Auto Remarketing

MARCH 17, 2025

What about renting cars? It can keep those who need short-term transportation, either for a vehicle in its shop (or someone elses) or just need an additional vehicle, inside the tent for a possible permanent replacement sale.

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Auto Remarketing

FEBRUARY 1, 2024

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 used cars.”

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AutoSuccess

SEPTEMBER 3, 2024

During the coronavirus pandemic, inventory was historically low, customers frequently paid above MSRP and financed cars at higher interest rates and for longer periods of time. These circumstances have resulted in many customers being underwater with their pandemic-era purchase, and upgrading vehicles has become financially difficult.

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AutoSuccess

MAY 28, 2025

Rising interest rates, record-high monthly payments and fluctuating used car valuations have changed the customer journey. For example, if a particular vehicle segment is heating up, they can respond with targeted promotions or inventory adjustments before the competition catches on.

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AutoSuccess

MARCH 11, 2025

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. Considering 24 months of consumer reviews, Subaru and Acura and Volvo among luxury brands emerged with the highest overall review ratings.

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Auto Remarketing

NOVEMBER 17, 2023

This means offering a wider range of vehicles that cater to varying customer demands and budgets. While high-end cars may see reduced demand, affordable, fuel-efficient vehicles may become more popular. Focus on pre-owned vehicles During economic downturns, consumers often look for cost-effective alternatives.

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Auto Remarketing

OCTOBER 11, 2024

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 used cars rising and high-end vehicle sales falling. “As

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AutoSuccess

MARCH 22, 2025

Car makers spend billions of dollars yearly on vehicle design and new model advertising. Today, this pattern is packaged into digital vehicle portfolios (DVP), the visual, enticing and descriptive Wish Books grown-ups now use to shop and buy used cars from your dealership. billion this year.

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Jalopnik

JULY 19, 2024

Not too long ago, vehicle leases were on the decline. So much so that it was affecting the used car market. Now, thanks to EVs, leases are making a big comeback. And thanks to tax credits, German luxury EVs are being leased now more than ever. Read more.

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Auto Remarketing

NOVEMBER 25, 2024

While the coming year is showing positive signs for used-dar dealers, we’ve learned that the future is never certain. No matter what curveballs are around the corner, there are key strategies used-car dealers should consider to consistently boost profitability. What will your profit be when (if) you sell the vehicle?

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AutoSuccess

JULY 18, 2024

announced in a press release the launch of the next evolution of TrueCar+ , which now empowers consumers to purchase from over 3,200 new, used, and certified pre-owned vehicles from start to finish completely online. TrueCar, Inc.

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Auto Remarketing

NOVEMBER 2, 2023

Auto dealerships are also embracing new AI tools for enhancing customer service and reshaping how they price their vehicles. In a traditional book value pricing method, auto remarketing dealerships list the base retail value on their website, leaving out factors such as mileage and vehicle condition.

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AutoSuccess

NOVEMBER 10, 2023

Integrated into the marketplace is the company’s reputation technology that powers more than 13 million consumer reviews, making it the largest review platform in the industry, as well as digital financing and trade-in capabilities that speed transaction time with local retailers.¹

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