On the Dash:
Used cars under $20,000 fell from 49.3% of the market in 2019 to 11.5% today, according to a new iSeeCars study
Passenger cars saw the steepest jump,...
Dealers across the country face several challenges and pressures today, including affordability, competition from direct sales brands, and digital dealers like Carvana. Jim Keffer, CEO of Keffer Auto Group in...
Car dealers are grappling with shrinking margins and a widening affordability crisis. At the same time, AI tools are reshaping how customers shop, often letting them skip a dealership's website...
On the Dash:
Wholesale used-vehicle prices rose 2.1% year over year in June, easing slightly from May's pace.
Used EV prices jumped 12% year over year, far outpacing the broader...
On the Dash:
White remains the most popular car color with 25.7% market share, up from 22.1% in 1996, followed closely by black and gray.
Gray has seen the largest...
On the Dash:
Carvana has acquired seven Stellantis dealerships and is quickly establishing a foothold in new-vehicle retail.
The company's digital-first model could increase competitive pressure on traditional dealerships and...
Sourcing the right used car inventory remains a major challenge for dealers. OPENLANE is a digital wholesale marketplace built to address that directly. The platform gets dealers to the right...
On the dash:
CarMax posted mixed results in Q4, with slight growth but weaker profits, triggering a 14% stock drop
The company is shifting toward lower-priced, higher-mileage vehicles as affordability...
On the Dash:
Wholesale used vehicle prices ended December stable, aligning closely with historical seasonal norms.
Demand indicators remained healthy despite affordability pressures and typical year-end slowing.
EVs and...
2024 offers a glimmer of hope for auto dealers navigating the tricky terrain of used car sales, despite lingering market uncertainties and a notable vehicle shortage.
Vehicle price, depreciation and conversion...