Used Fleet Car Sale Blog

Market Cap Differences

From the May 13 2024 edition of Automotive News: Column: Why does Wall St. value Tesla 40% higher than Toyota? Both face headwinds, but Toyota earned twice as much as Tesla in the most recent fiscal year. I studied finance in college, and one of my favorite classes was investment analysis: measuring a company’s or […]

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Judging the status of a previously-owned EV battery

An interesting article from the February 19, 2024 edition of Automotive News. This is NOT a big deal right now, but judging the life span, thus the value, of a used EV’s battery will become a significant driver of used EV values in the future. This article outlines some of the facts and variables. Assessing […]

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Used Car Prices Stabilizing

From CNBC January 11 2024: DETROIT — Used vehicle prices are expected to stabilize this year, after buyers of pre-owned cars and trucks got more relief in 2023 following a stretch of record prices. Automotive data firm Cox Automotive expects wholesale prices on its Manheim Used Vehicle Value Index, which tracks prices of used vehicles […]

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Used EV prices are waaaay off…..

From the November 28 2023 edition of Vehicle Remarketing: Used electric vehicle average prices have fallen more in the past year than prices in every other vehicle category, plummeting 33.7% compared to a 5.1% drop in overall average used car pricing and a 9.6% drop in the average used hybrid price, according to an iSeeCars […]

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Not shocking EV news….

From the December 18 2023 edition of Vehicle Remarketing magazine: EV Inventory Remains Elevated While EV sales volumes continue to increase, inventory levels are increasing faster. New electric-vehicle supply at the end of November was at 114 days. EV inventory levels have been climbing throughout Q4 and by volume and days’ supply are at a […]

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Your car knows what you did last summer!

Sourced from the daily tech newsletter “The Hustle” on September 7 2023: Your sedan is probably eavesdropping. Cars were found to have the worst privacy policies of any product category analyzed by the nonprofit Mozilla Foundation—even worse than your Google Nest or Apple Watch, a report released by the foundation yesterday said. Unless your ’67 […]

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This is one of the many reasons sharp dealers use VRCG to source good units…

Quoted from Automotive News – the August 28 2023 issue: Dealers get creative to find desirable used cars amid tighter supply Dealers navigating a used-vehicle market that already allows little room for error are eyeing another obstacle: worsening used-car availability. When searching for used-vehicle inventory through wholesale avenues, Ricart Automotive Group would typically cast a […]

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There’s only 1 new car left under $20k

Sourced from “The Hustle” daily newsletter on August 22, 2023: Car-buying wisdom if you’re trying to save money: “Stick to public transit.” But if the bus simply isn’t your thing (or available), brace for a budget-shattering event: Cox Automotive found the Mitsubishi Mirage was the only new model going for less than $20,000 last month. […]

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Toyota and Honda units remain in Low Supply

From Automotive News, July 18 2023: Of the 30 best-sellers for the 30 days ended June 26, 11 of the 12 models with the lowest inventory were Toyota and Honda vehicles. Toyota Highlander, Honda CR-V, Toyota Camry, Toyota Corolla, Honda Civic and Toyota RAV4 had the least, all with less than 26 days’ supply. At […]

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New Vehicle Inventory up 40% Year over Year as Prices Stabilize

From Automotive Fleet, July 14 2023: New-vehicle inventory and prices stabilized further in June while electric vehicle inventory climbed, closing the month with twice the days’ supply as new vehicles overall, according to Cox Automotive’s analysis of vAuto Available Inventory data. The total U.S. supply of available unsold new vehicles stood at 1.95 million units […]

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