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

Auto Remarketing

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 The used turn rate shot up from 67% in February to 83% in March, a level not seen since May 2021.

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Used-car retail prices, surprisingly, aren’t climbing

Auto Remarketing

After all, CARFAX opines in an analysis around its latest price index that supply of late-model vehicles has fallen (thanks to the 2021 leasing declines) and used-car demand has climbed thanks in part to lower interest rates and recent hurricanes have managed up to 347,000 cars — fueling the need for vehicle replacement.

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3 industry leaders inducted into Used Car Week Hall of Fame

Auto Remarketing

To celebrate the 25th anniversary of Used Car Week, Cherokee Media Group has launched the UCW Hall of Fame to recognize executives who have played an important role in the development, growth and success of Used Car Week over time. 18 in Scottsdale, Ariz. 18 in Scottsdale, Ariz. Listen to the conversations below.

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A Comprehensive Guide: What to Look Out for When Buying a Used Car

Auto Service World

Buying a used car can be an exciting yet daunting experience. … The post A Comprehensive Guide: What to Look Out for When Buying a Used Car appeared first on Auto Service World.

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Buying a Used Car: Mileage vs. Age, What’s More Important?

Auto Service World

When purchasing a used car, it is important to take into account both the mileage and age of the vehicle. These two factors are vital in evaluating the condition of the car. In this article, we will explore the importance … The post Buying a Used Car: Mileage vs. Age, What’s More Important?

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Report shows Q1 used-car retail prices calm before a potential storm

Auto Remarketing

But, Cars Commerce reported in its Q1 2025 Auto Market Review , that might have been the calm before the storm. The report, based on data from the companys Cars.com, Dealer Inspire and AccuTrade platforms, showed used-car list prices fell 0.9% But if tariffs send new-car prices higher, expect trade-in values to follow.

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Making sense of February’s used-car retail prices

Auto Remarketing

Is now the right time for used-car shoppers to strike? 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. month-over-month, prices for cars fell 0.9%.