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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
From Auto Rental News: Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 44.6% year over year in June to 217,572 units, according to an early estimate released July 7 from Cox Automotive. “The return of fleet was a key driver of the first half new auto sales increase,” said Cox […]
From the June 5, 2023 edition of Automotive News Penske to replace Indy 500 fan’s smashed car A fan whose car was smashed by a tire that went flying during the Indianapolis 500 is getting a new ride, courtesy of the track owner who happens to be one of the country’s biggest auto dealers. Penske […]
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.7% from March in the first 15 days of April, according to the midmonth Manheim Used Vehicle Value Index released April 18, which dropped to 231.7 and was down 4% from April 2022. The seasonal adjustment contributed to the decline. The non-adjusted price […]
