Tag: used vehicle market
How Tropical Storms are flooding the preowned vehicle market
Tropical storms and hurricanes, such as Hurricane Helene, can cause significant damage to homes, roads, and vehicles, often resulting in thousands of cars being...
High interest rates undermine new auto incentives for car shoppers
Incentives are re-emerging in the auto market, but high interest rates are diminishing their appeal to car shoppers. According to Edmunds, the average annual...
How to win in today’s volatile used car market – John...
The used car market is bustling with activity this spring, and car dealers must ensure their pre-owned operational strategies align with current market conditions....
Carvana reports first-ever annual profit, reduces debt by $1 billion
Carvana, a used vehicle reseller, announced its first-ever yearly profit on February 22. This was due to an agreement with bondholders to reduce the...
Cities with the most and least expensive used cars for sale...
Used car shoppers willing to look beyond their local market could save substantial money on their next purchase, depending on where they live and...
Jonathan Smoke discusses Q3 auto sales and market outlook for the...
We continue to hear news of record pricing across the industry, so on today’s show, we’re learning where things stand today. We’re pleased to...
What the latest Manheim Used Vehicle Value Index reveals about the...
On today’s show, we’re pleased to welcome Jonathan Smoke, Chief Economist for Cox Automotive. He discusses the Manheim Used Vehicle Value Index and the...
NIADA’s President Steve Jordan Delivers Positive Updates for the Used Vehicle...
On today’s featured CBT News interview we’re very pleased to welcome Steve Jordan, President and CEO of The National Independent Automobile Dealers Association (NIADA)...
Inventory and Auction Volume: The Latest from J.D. Power’s Larry Dixon
On today's edition of CBT News, we speak to Larry Dixon, Senior Director of valuation services at J.D. Power. Larry gives us an update...
Rising New-Vehicle Prices Lead to Boom in Used-Vehicle Market
As new-vehicle prices continue to rise, so do interest rates. To compound the issue, manufacturers also seem to be getting stingier with incentives. This...
