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Fuel retailers view electric vehicle charging as a critical part of their future business, according to a new survey. The survey found that operators are feeling pressure to adjust to a rapidly changing mobility ecosystem, driven by both consumer demand for sustainable solutions and government regulations promoting electric vehicles.
Key markets in the electric vehicle transition are falling behind in their stated goals for public charging infrastructure, according to the latest figures. This deficit in EV charging points represents a considerable opportunity for fuel retailers. That’s the golden opportunity for the existing fuel retail network,” Shankar observed.
Canada’s automotive aftermarket is seeing a slight decline in 2024 with one group warning of long-term challenges ahead, especially as fewer new vehicles require gasoline as their sole source of power. This sustained spending suggests that Canadians continue to prioritize the upkeep of their vehicles despite economic headwinds.
You would think that used-vehicle prices would be rising right now. TO READ THE FULL STORY BECOME A MEMBER Login The post Used-car retail prices, surprisingly, aren’t climbing appeared first on Auto Remarketing.
This technology allows machines to produce content and solutions traditionally created by humans, significantly impacting automotive technology retail companies, including Tekion, TrueCar, Cox Automotive, and Car Now. Automotive companies are using AI algorithms to generate new vehicle designs and prototypes.
It may be well ingrained in automotive repair shops but the practise of moving customers’ vehicles in and out of the bays is one that needs to end, a shop coach urged. Image this scenario: You’ve performed an inspection on a vehicle. Instead, Beech recommends booking vehicles for the full day rather than rushing through services.
The Ecsta Sport A/S features KUMHOs K-NOISE DEFENDER technology and is compatible with electric vehicles with wheels ranging from 16 to 21 inches. The tires multi-purpose designs make them ideal for high-horsepower vehicles driven at fast speeds. This means quicker steering and more precise cornering. Sponsored by Kumho Tire.
The Ecsta Sport A/S features KUMHOs K-NOISE DEFENDER technology and is compatible with electric vehicles with wheels ranging from 16 to 21 inches. The tires multi-purpose designs make them ideal for high-horsepower vehicles driven at fast speeds. This means quicker steering and more precise cornering. Sponsored by Kumho Tire.
June’s automotive retail sales data revealed notable declines across various segments, including those in the aftermarket, raising concerns within the industry. DesRosiers Automotive Consultants (DAC) reported a “worrying” drop in automotive retail sales for June, with declines observed across multiple segments. per cent decline.
There was some year-over-year easing in retail used-car prices last month, according to the latest CARFAX Used Car Index report , which showed declines in six of the seven segments included in its analysis. Especially those looking for 3-year-old vehicles, whose average price in the fourth quarter was $29,710, up 3.3% year-over-year.
The automotive industry is undergoing a significant transformation as digital technologies reshape the way vehicles are bought and sold and dealers need to keep pace or lose relevancy. Todays buyers demand a seamless, digital-first experience akin to what they encounter in other retail sectors.
ACES (Aftermarket Catalog Exchange Standard) and PIES (Product Information Exchange Standard) are data standards used in the automotive aftermarket to ensure consistent, accurate and efficient exchange of catalogue and product information between manufacturers, distributors and retailers.
View this post on Instagram A post shared by Cars Magazine & Jobber News (@autoserviceworld) Check out our columns, starting with Zakari Krieger, who looks at the delicate balancing act of providing value to customers while being mindful of the costs to repair vehicles.
The shop is involved in the electric vehicle space , with public chargers at the shop and an array of EV-related services, as featured in the Fall 2024 issue of EV World. Scott’s commitment to innovation and community aligns perfectly with our values.
As dealers face rising complexity in inventory management, pricing and profitability, especially with the 25% tariff on imported vehicles, machine-driven technologies are stepping in as vital tools not just to handle data, but to make better, faster business decisions.
As the first quarter of 2025 ended, all was calm for used-vehicleretail prices. in Q1 to an average of $28,497, a decline driven in part by the diminishing supply of higher-priced late-model vehicles as the COVID gap moves through the used market. in Q1, led by vehicles in the $20,000-$49,000 range, which average 3.8
Cox Automotive showcased new retail and wholesale solutions designed to fuel the future of car buying and selling during NADA Show 2025, the National Automotive Dealers Association’s annual convention, in New Orleans. As noted in its forecast for 2025 , Cox Automotive is expecting further industry growth in the year ahead.
“Including the larger rim sizes on many of these vehicles provides a driving experience tailored to today’s most premium enthusiasts.” Customers can find it at authorized Goodyear retailers throughout the U.S. It delivers precision, grip and comfort for drivers,” said Ryan Waldron, President, Goodyear Americas.
Why time matters in inspections Vehicle inspections are the foundation of every repair order. Technicians should spend 35 to 45 minutes carefully inspecting each vehicle. When a technician has the time to inspect all components, catch wear and tear and identify problems early, it ensures the vehicle is in optimal condition.
With a focus on innovation and real-time customer experiences, the company aims to reshape the future of automotive retailing. A Mission to Redefine the Retail Experience AiAutos mission is to equip dealerships with tools that enhance efficiency, improve customer satisfaction and create seamless retail experiences.
All too often, a shop will write up a repair order filled with technical jargon that only someone with expert knowledge of vehicle repair will understand. Speaking at the Automotive Aftermarket Retailers of Ontario, he challenged shop owners to ensure their staff are talking to their customers in a more simple way.
DesRosiers Automotive Consultants (DAC), in collaboration with the Automotive Aftermarket Retailers of Ontario (AARO), conducted a survey to understand the sector’s performance and expectations for 2025. 2024 was no exception with most aftermarket retailers seeing robust sales increases.
The Automotive Aftermarket Retailers of Ontario (AARO) announced a partnership with EEZE, a platform for peer-to-peer auto sales. The move was made to enhance the safety and reliability of private vehicle transactions in Ontario.
Key markets in the electric vehicle (EV) transition are falling behind in their goals for public charging infrastructure, according to McKinsey. However, the industry must address key blockers to effective service for fuel retailers to build a reliable and profitable EV charging business. The data reveals that the U.S.,
Even with this activity, many dealers report that markdowns do not always lead to increased traffic to Vehicle Detail Pages (VDPs), with about one-third of dealers seeing improved VDP views only 25% of the time. Real-time pricing optimization, driven by AI, can ensure that vehicles are priced competitively while maintaining profitability.
Modern vehicles are becoming sophisticated digital hubs on wheels. As in-vehicle entertainment and information systems continue to evolve, technicians must be equipped with both foundational skills and the adaptability to handle cutting-edge features. In-vehicle e-commerce is a trend explored during automotive tech training.
An overwhelming percentage of car dealers who use digital retailing tools are reporting encouraging results, according to the latest research by Cox Automotive. The top benefit of digital retailing, according to both dealers and customers, is the time saved, cited by 60% of dealers and 93% of shoppers.
The slowdown in supply of later-model used vehicles is already having an impact in the retail car market, according to industry analyses released this month. Cars Commerce said in its latest Industry Insights Report that used-car inventory was up 1% year-over-year in July, due mostly to inventory of sub-$30,000 vehicles climbing 9%.
The year-over-year growth isn’t quite as steep as it was in prior months, but used electric vehicles are still flying off dealership lots and auction yards, according to respective analyses from Cox Automotive and the National Auto Auction Association. In its latest EV Market Monitor, Cox Automotive reported there were.
Wholesale used-vehicle prices (on a mix, mileage and seasonally adjusted basis) fell in March compared to February. The Manheim Used Vehicle Value Index (MUVVI) dropped to 202.6. “Used retail demand remained strong throughout March, with days’ supply ending at low levels, driving healthy activity at Manheim.
The “dramatic” declines in used electric vehicles last month no doubt caused some head-scratching for those in the business of remarketing or retailing these cars, but the near 32% drop may open up some opportunities for consumers and dealers alike.
Reflecting on the macroeconomic environment in 2024, the start of 2024 saw mechanical retail service locations performing well. While OEM sales showed signs of recovery, consumers grappled with the dual challenges of elevated vehicle prices stemming from inflation and increased borrowing costs. However, this cycle has been atypical.
What a car shopper cant find on them wouldnt fill a thimble so why should you consider adding digital vehicle portfolio (DVP) content to this fantastic marketing site? A digital vehicle portfolio provides full vehicle history, service records and original factory details, so customers know exactly what theyre getting.
When it comes to used-car retail prices, the third quarter pointed to a “return to normalcy,” a trend that was particularly evident by this metric: late-model used cars have prices that are “notably below” those of new vehicles. drop in used vehicle prices compared to the typical 0.7% decrease observed from 2015-2019.”
It is the shops responsibility to ensure the vehicle is safe upon return to the client. While its important for shops to generate an average repair order that supports the financial viability of the business, transparency and communication with clients are the key.
After a decline in overall satisfaction in 2024, owners of both premium and mass market battery electric vehicles (BEVs) are expressing a change of sentiment this year, according to a recent study. Electric Vehicle Experience (EVX) Ownership Study showed that BEVs reached a market share of 9.1 Power 2025 U.S. per cent in 2023.
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. Dealerships that embrace this change are poised to thrive in the new era of automotive retailing.
John Cochrane, Executive Director | Automotive Aftermarket Retailers of Ontario The automotive service industry is at a crossroads. The growing complexity of vehicles makes ongoing training essential. While change is inevitable, apathy among some shop owners and technicians poses significant risks.
That means clearly understanding different auto parts, their functions, and how they work with various vehicle models. You may also want to include any specialized knowledge of vehicle brands or types. Example: “Extensive knowledge of automotive parts and components across various vehicle makes and models.”
Whether you prefer the fast-paced environment of a dealership, the autonomy of a retail repair shop, the creativity of a specialty shop, the challenge of heavy-duty truck repair, or the freedom of owning your own business, there is an exciting and fulfilling career waiting for you.
Wholesale vehicle prices fell nearly 12% year-over-year in April and have continued modest month-over-month declines in May, according to the latest Kontos Kommentary report from ADESA chief economist Tom Kontos. On the retail side, J.D. Overall wholesale values last month came in at $14,559, down 11.7% Prices were down 0.3%
Incentives on new vehicles: remember those? of Equipped Retail Typical new-car prices in 2022, according to Black Book, new-vehicle incentives have climbed the past two years. Theyre back in a big way. After hitting a trough of 2.9% That was especially evident towards the end of 2024.
At the start of 2024, mechanical retail service locations were performing well. Historically, the automotive aftermarket demonstrates an inverse relationship with economic conditions: In prosperous times, new vehicle sales increase, reducing the average vehicle age and lease/finance turnovers, which dampens aftermarket service revenue growth.
Used-vehicle prices were down again as January ended, but the pace of depreciation is decelerating, according to the latest report from Black Book. The high end of each category’s price range has also fallen by at least $1,000 as dealers act to move the most expensive used vehicles,” the report said. Cars were down $400.
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