TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%


Pre-Owned Sales

With Vroom bowing out of the used car business, other digital car retailers are likely to see a new wave of uncertainty take hold.

Exclusive: auto industry veteran Marc Cannon on Vroom’s exit from online used car operations

- January 23, 2024
Online used car retailer Vroom is shutting down its digital retail business following a struggle to raise funds in an increasingly competitive environment. Joining us today on CBT Now to...
CBT Now Sales & Marketing
Used car prices are projected to rise 0.5% in 2024, reversing course after multiple consecutive years of declines.

Used car prices forecast to rise less than 1% by end of 2024

- January 9, 2024
Used car prices are expected to make a slight recovery over the course of 2024, reversing course after two consecutive years of sharp declines stemming from the COVID pandemic. Cox Automotive...
Articles Sales & Marketing
Used vehicle prices dropped again across November and December as trends within the retail automotive sector continued to normalize.

Wholesale used vehicle prices continue to normalize

- January 3, 2024
Used vehicle prices dropped again across November and December as trends within the retail automotive sector continued to normalize in the post-pandemic economy. According to auctioning platform ADESA, wholesale used vehicle...
Articles Sales & Marketing
Honda's venture into CPO leasing is just one indicator of the innovative paths dealerships might explore to thrive in the future.

Honda’s leap into used car leasing: a signpost to the future for dealerships

- January 3, 2024
As Honda announces its foray into certified pre-owned (CPO) vehicle leasing, it may be that the automotive industry stands at a curious crossroads. This move isn't just innovative; it's a telling...
Sales & Marketing Articles
Explore the essentials for boosting used car sales, including optimal inventory management, stellar customer service, and effective training.

9 key areas of focus that drive more used car sales

- December 20, 2023
For many franchised car dealers, the used car department significantly contributes to the bottom line. These sales are even more fundamental to independent automotive retailers. But there’s more to success...
Sales & Marketing Articles
Dealers maintained carefully balanced inventories in November as the used vehicle segment grappled with lower sales and prices.

Used vehicle market holds course in November, sales and prices weaken

- December 18, 2023
November was a predominantly stable month for the used vehicle market, even though sales volumes, pricing and inventory levels trended in unsatisfactory directions. According to Cox Automotive, dealers sold an estimated...
Articles Sales & Marketing
Used vehicle prices continued to trend downward in November as the automotive industry entered into its holiday slump.

Used vehicle prices hit seasonal slump in November

- December 7, 2023
Wholesale used vehicle prices declined in November as the auto industry entered its seasonal slump. According to Cox Automotive's Manheim Used Vehicle Value Index, used vehicle prices declined 2.1% from October...
Articles Sales & Marketing
New and used vehicles are selling more slowly and for less money than in 2022, noted a recent iSeeCars analyst. Used cars have fell by 33.7%

Report shows, EVs are the slowest selling section of the used vehicle market

- December 4, 2023
There's no doubt that the 2020 pandemic has caused a significant decline in vehicle pricing and sales times. On average, new and pre-owned vehicles are selling more slowly and for...
Headlines Sales & Marketing
reconditioning

4 simple tips to improve your dealership’s reconditioning process

- December 4, 2023
How long does it take your dealership to recondition a used vehicle? If you are one of the top performers, the answer would be 24 hours or less. Does it...
Sales & Marketing Articles
Danny Zaslavsky joins Inside Automotive to discuss the used car market and why dealers need to refine their appraisal methods.

Used car market trends: why dealers are turning to multichannel acquisitions — Danny Zaslavsky

- November 24, 2023
The used car market has experienced more ups and downs than any other automotive segment in recent years as consumer demands shift in response to pricing and new car availability....
Featured Sales & Marketing


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CBT News
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