Pandemic-era new-car production cuts have trimmed late-model used-vehicle supply. Lease maturities have declined. Automakers have slowed discounts. This trio of market factors pushed average used-car prices in the opening weeks of May up $130 from a year ago to $29,168, according to analysis released Thursday by J.D. Power. Meantime, data from EpicVIN shows average used-car […] [Read More]

The first quarter of 2025 opened with a mix of optimism and uncertainty for the automotive industry. While March delivered a sharp 19% rebound in new vehicle sales — largely driven by consumers rushing to purchase ahead of tariff price adjustments — the earlier months of the quarter were marked by a slight decline. Used-vehicle […] [Read More]

The auto dealership buy/sell market has slowed in the wake of President Trump’s tariffs, with the resulting geopolitical uncertainty and financial market volatility leading to a cautious approach, according to Kerrigan Advisors’ Blue Sky Report for the first quarter of 2025. The report found buy/sell activity in Q1 dropped 14% year-over-year, with 94 transactions closed […] [Read More]

Companies that are key players in the used-car world recently presented at the J.P. Morgan Global Technology, Media and Communications conference. While their presentations touched on a wide range of topics, a common thread ran through them. Each highlighted value-added services that will help them thrive in a time of great uncertainty. The companies are Cars Commerce, CarGurus, ACV Auctions and Carvana ... [Read More]

Just like the rest of us, American cars keep getting older. The average age of U.S. light vehicles has set another record, climbing to 12.8 years, according to S&P Global Mobility’s annual analysis. The average has now risen for eight consecutive years, and the increase of two months from 2024 marks the second consecutive year […] [Read More]

Experian and J.D. Power each recently offered new research focused on consumer appeal for electrified vehicles. The separate projects reached similar conclusions — potential buyers are charged up about potentially getting an EV or hybrid model. While EVs selling in the wholesale market are at all-time highs, a J.D. Power study revealed that 24% of […] [Read More]

Automakers’ sales expectations for 2025 are lower than the previous year’s, according to a survey conducted by dealership advisory firm Kerrigan Advisors. The Kerrigan OEM Survey 2025, which queried 100 OEM executives from December 2024 to March 2025, showed a significant jump in the number of respondents expecting new-vehicle sales to drop this year. While […] [Read More]

For the automotive sales industry, transparency in digital advertising is not just legally required, it’s good for business. Did you know: The Federal Trade Commission and state attorneys general have brought (and won) legal challenges designed to ensure that customers can learn up front how much they will actually pay for a vehicle and not […] [Read More]

Believe it or not, the most driven vehicle in America is a minivan. And so are the second- and third-most driven. The latest study by iSeeCars set out to identify the 3-year-old vehicles that have logged the most — and least — miles and analyze the average cost per 1,000 miles driven based on their […] [Read More]

Is right now the best time to buy an electric vehicle? According to J.D. Power’s E-Vision Intelligence Report for May, it seems likely that’s the case, thanks to the “policy limbo” the EV market currently finds itself in. The report, authored by Brent Gruber, executive director of J.D. Power’s electric vehicle practice, said battery-electric vehicles […] [Read More]