COMMENTARY: As the calendar turns, the present is a gift
Thursday, Jan. 2, 2025, 02:17 PM
COMMENTARY: Maintaining a competitive edge with secondary Google business profiles
Thursday, Jan. 2, 2025, 02:08 PM
Navigating the shift: Key insights from the Lotlinx Q3 2024 Automotive Market Report
Wednesday, Dec. 11, 2024, 09:04 AM
Analysis
Used-car retail prices, surprisingly, aren’t climbing
Friday, Nov. 1, 2024, 01:47 PM
Joe Overby, Senior Editor
You would think that used-vehicle prices would be rising right now.
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 ... [Read More]
Consumers might intend to buy new, but reality pushes them to used-car market
Tuesday, Oct. 29, 2024, 03:07 PM
Auto Remarketing Staff
The difference between the price of a new car during the third quarter and that of a used car is enough money to … well … buy a car. Enough, at least, to purchase an older pre-owned vehicle. According to an analysis by Edmunds director of insights Ivan Drury, the gap between average new- and […] [Read More]
Lotlinx: Q3 shows high day supply, largely aging vehicle inventory
Tuesday, Oct. 29, 2024, 01:09 PM
Auto Remarketing Staff
Here’s more evidence the used-car market is a complex place nowadays. According to the Q3 Quarterly Vincensus Report, Lotlinx acknowledged while certain brands face issues with high day supply and a largely aging inventory, others are struggling with supply constraints. When it comes to inventory dynamics unfolding during the third quarter, the report highlighted complex […] [Read More]
JD Power sees October being complicated for used retail & new lease markets
Friday, Oct. 25, 2024, 11:27 AM
Auto Remarketing Staff
Thomas King, president of the data and analytics division at J.D. Power, explained why this month has been a tricky one for used-car managers and leasing specialists at franchised dealerships. Let’s begin with the details J.D. Power shared on Thursday associated with the used-car department. So far in October, King reported average used-vehicle retail prices […] [Read More]
Cars Commerce report: All quiet on the used-car front
Wednesday, Oct. 23, 2024, 04:45 PM
Auto Remarketing Staff
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. Car Commerce’s September Industry Insights Report paints a serene picture of the used-car market, with prices having stabilized over the past six […] [Read More]
Update on used-car sales & profit margins for dealers through Q3
Wednesday, Oct. 23, 2024, 04:26 PM
Joe Overby, Senior Editor
Used-car profits soared during the pandemic. But as the market turns the corner toward the end of 2024, “used vehicles may be finding their new normal on profitability.” That’s just one key finding from the latest quarterly Presidio-NCM Average Dealership Performance Benchmark Report, which found that, pre-owned or otherwise, “the downward spiral in profitability for […] [Read More]
iSeeCars’ list of most-loved cars shows love is a many-splendored Toyota
Wednesday, Oct. 23, 2024, 03:44 PM
Auto Remarketing Staff
What is this thing called love? It’s a question that’s been asked by philosophers, poets and songwriters throughout the ages — and everyone’s answer is different. iSeeCars’ solution — at least when it comes to car owners’ feelings about their vehicles — is to look at it by the numbers. When a car’s original owner […] [Read More]
CARFAX updates flood-damage estimates following Hurricane Milton
Wednesday, Oct. 23, 2024, 12:36 PM
Auto Remarketing Staff
In 2022, Hurricane Ian damaged upwards of 358,000 vehicles throughout several states, according to CARFAX. After the devastation of hurricanes Helene and Milton in the Southeast, this year is already approaching similar numbers. CARFAX estimates that the 2024 hurricane season has resulted in approximately 347,000 vehicles with flood damage so far. After Hurricane Helene damaged […] [Read More]
Lane watch: The numbers battle involving full-size pickups
Tuesday, Oct. 22, 2024, 03:58 PM
Nick Zulovich, Senior Editor
Sending a full-size truck to auction appears to be as much of a heartburn-triggering situation for franchised dealers as seeing that new model sitting in inventory and on the store floorplan for 100 days or more. Data from Black Book, Cox Automotive and J.D. Power showed the numbers crunch unfolding that might again be pitting […] [Read More]
‘Subtle yet significant’ trends involving commercial vehicles surface in Q3
Tuesday, Oct. 22, 2024, 01:12 PM
Auto Remarketing Staff
Work Truck Solutions said the interplay between the new and used segments of commercial vehicles reveals a series of “subtle yet significant” indicators that warrant attention. That’s the primary finding from its Q3 2024 Commercial Vehicle Market Analysis, which indicated the commercial vehicle market overall is continuing to recover. Work Truck Solutions reported that new […] [Read More]