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]

Overall wholesale vehicle volumes are expected to increase more than 7% this year before dipping slightly in 2025 then resuming a climb toward an annual pace of 12 million units, according to a Cox Automotive forecast. The company projects 11.4 million wholesale units this year, up from 10.6 million in 2023, when volumes rose 19.1% from the trough of 2022. Cox Automotive anticipates a slight dip to 11.3 million in 2025, followed by increases the next four years, with the wholesale market reaching 12.1 million by 2029. And much of that will continue to ... [Read More]

There doesn’t seem to be an October surprise when it comes to wholesale used-vehicle prices. At least not yet. Halfway through the month, values are moving according to expectations, Cox Automotive said in analysis around its mid-month Manheim Used Vehicle Value Index. The company said wholesale prices through Oct. 15 were up 0.3% from September, […] [Read More]

CARFAX is estimating that upwards of 138,000 vehicles were flood damaged by Hurricane Helene, which caused destruction in at least six Southeastern states. Of those, the one with the most water-damaged vehicles from the hurricane is Florida at 60,700 vehicles. South Carolina is second at 27,500, followed by North Carolina at 22,900 and Georgia at […] [Read More]

The automotive industry is witnessing a transformative shift in how technology and artificial intelligence are being integrated into auto sales and remarketing strategies. New advancements are streamlining operations and enhancing customer experiences and sales effectiveness. Technology offers numerous benefits in the workplace, including saving time, streamlining processes, and analyzing data. Such advantages help business leaders […] [Read More]

Separate research endeavors by the Insurance Research Council (IRC) and EpicVIN came to the same conclusion that Louisiana dealers from Shreveport to Slidell might have already known. It’s mighty expensive for vehicle owners in the Bayou State to maintain insurance coverage after they take delivery. According to IRC, the average annual expenditure for auto insurance […] [Read More]

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 we near the end of 2024, it’s clear […] [Read More]

September in the wholesale vehicle market was a departure from the earlier summer months, as cooler temperatures brought lower prices. But look for a fairly steady market in the final few months of 2024, industry analysts said in reports this week. Cox Automotive’s Manheim Used Vehicle Value Index for September came in at 203.0, which […] [Read More]

Some 6.5 million vehicles were recalled in the third quarter of 2024 – thanks mostly to three automakers. Tesla, Stellantis and BMW accounted for 76% of all recalls during the three months ending Sept. 30, according to the Q3 recall report from recall management platform BizzyCar. The report is based on analysis of data from […] [Read More]

Welcome to that time of year for car dealerships again: It’s the scary season! Let’s have a little fun and look at your business like it’s Halloween. It may be filled with lots of things that can frighten you. But on the other hand, it’s also filled with lots of great treats. All you have […] [Read More]