Monthly wholesale and SAAR prices decline in first half of October
The first 15 days of October saw a 1.6% drop in wholesale used car prices from September. The midmonth Manheim Used Vehicle Value Index fell to 211.0, representing a 3.3%...
TSLA372.220-2.36%
GM75.920-1.29%
F11.600-0.34%
RIVN11.830-0.23%
CYD23.230-0.66%
HMC34.150-0.43%
TM196.790-1.43%
CVNA57.810-0.91%
PAG212.3300.22%
LAD295.5704.5%
AN161.050-0.79%
GPI244.9702.18%
ABG172.650-0.78%
SAH61.280-1.86%
TSLA372.220-2.36%
GM75.920-1.29%
F11.600-0.34%
RIVN11.830-0.23%
CYD23.230-0.66%
HMC34.150-0.43%
TM196.790-1.43%
CVNA57.810-0.91%
PAG212.3300.22%
LAD295.5704.5%
AN161.050-0.79%
GPI244.9702.18%
ABG172.650-0.78%
SAH61.280-1.86%
TSLA372.220-2.36%
GM75.920-1.29%
F11.600-0.34%
RIVN11.830-0.23%
CYD23.230-0.66%
HMC34.150-0.43%
TM196.790-1.43%
CVNA57.810-0.91%
PAG212.3300.22%
LAD295.5704.5%
AN161.050-0.79%
GPI244.9702.18%
ABG172.650-0.78%
SAH61.280-1.86%
used car
Slow economic growth and high interest rates dampen U.S. Q3 auto dealer sentiment
In the third quarter, Q3, of 2023, the Cox Automotive Dealer Confidence Index (CADSI) revealed that dealer confidence in the U.S. remained largely stable despite high interest rates and economic...
Used-car market floundered in 2022, according to Cox report
A new Cox Automotive report reveals that the used-car market continually shrunk throughout 2022.
Using the Manheim Used Vehicle Value Index, Cox Automotive's preferred tool for measuring price fluctuations, the company...
Used car industry seeing more inventory, all-time high prices
Customers have more choice and dealers have more to offer shoppers in the used car market, according to vAuto Available Inventory. Used cars have become more plentiful in recent weeks...
Five takeaways from used-car consignment company CarLotz public merger
Even in light of the COVID-19 pandemic, business is still brewing for companies in the automotive industry. On October 22, 2020, used-car consignment company CarLotz went public in a merger...
The Average Vehicle Age on the Road Today Keeps Climbing – Why?
New analysis from IHS Markit points to record-breaking vehicle ages on the road today. Over the past few years, vehicle age has been slowly trending upwards and is now at...
Used Car Sales Could Win Out If Customer Fears are Quelled
J.D. Power forecasted that dealers would face higher prices for used car inventory after a strong start to pre-owned sales in 2019. Used vehicles are notoriously profitable with higher sales...
Navigating Through Today’s Used Car Market – Randy Kobat, Cox Automotive
At NADA 2020 in sunny Las Vegas, host Jim Fitzpatrick was joined on the CBT Stage by Randy Kobat, Sr. Vice President of vAuto, HomeNet and Rebates & Incentives.
VIDEO TRANSCRIPT:
Jim...
How Dealers Can Best Take Advantage of the Potential in the Used-Car Market – Patrick Janes, vAuto
At NADA 2020 in sunny Las Vegas, host Jim Fitzpatrick was joined by Patrick Janes, Director for used-car solutions at vAuto.
VIDEO TRANSCRIPT:
Jim Fitzpatrick: Dealers are looking for used-car solutions, aren't...
Should Your Dealership Focus Its Sales Campaigns on Acquiring Trade Vehicles?
The used car market is strong and shows no sign of slowing down. Dealers across the country are devoting more resources to building up their used-car sales departments. With all...
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