It’s early November, but a few folks in the used-car business are already in the holiday spirit, launching toy drives and other endeavors to help those in need. On Wednesday, Larry H. Miller Dealerships announced it will be holding its eighth annual Holiday Toy Drive from Nov. 11 through Dec. 3. The program supports the […] [Read More]

Regardless of where automotive professionals are located, understanding the vehicles on the road, specifically which segments are most prevalent, will help them to stay informed on the latest trends and have additional insight on what the aftermarket industry may entail in the near future. To gain a more comprehensive understanding of the vehicles on the […] [Read More]

A “turning point.” That’s how AutoIMS described the third quarter for the wholesale auto industry, which hit a few “firsts” in certain consignment metrics included in the company’s Industry View report. The report, released quarterly, is a “compendium of metrics featured in the AutoIMS Sales Scorecard that reflects the AutoIMS database (with a few needed […] [Read More]

Geopolitical turbulence and the fragile and volatile nature of the critical raw-material supply chain could curtail planned expansion in battery production—slowing mainstream electric-vehicle (EV) adoption and the transition to an electrified future. Soaring prices of critical battery metals, as observed by S&P Global Commodity Insights, are threatening supplier and OEM profit margins. This situation has […] [Read More]

When the final results are tallied, look for October’s used-car sales market to be down double-digits from a year ago, but steady with September. In a forecast released Friday, TrueCar projected slightly less than 3 million used-car sales for October, which would be a 13% year-over-year decrease and static month-over-month. Through nine months of the […] [Read More]

The noise that you are about to hear — loud and clear — in the used-vehicle market during the next few months will not be the loud pop of a market bubble being pierced; rather, it will be the slow and steady hiss of air being released from an admittedly overheated market. While the cooling […] [Read More]

Three-quarters of consumers in a July seller survey said having a trade-in they could apply towards their next purchase was “very or extremely important,” CarGurus said in its 2022 Consumer Insights Report. And these days, those customers are fetching a pretty penny for their old rides. In the company’s latest auto sales forecast, Thomas King, […] [Read More]

As Auto Remarketing continues to expand our coverage of the used-vehicle retail market, below are a few OEMs who have shared certified pre-owned sales results for September and/or the third quarter. Starting with Hyundai Motor America, the Hyundai brand posted 8,556 certified sales in September, which was up 37.5% year-over-year. Through nine months of the […] [Read More]

Used-vehicle sales fell 9.2% year-over-year in September and are trending toward a full-year tally more than 12% softer than that of 2021, according to Cox Automotive. But there remains some positive signs, particularly late last month, which saw an uptick in the rolling 30-day retail sales for used cars, according to the company’s Manheim Market Insights […] [Read More]

The numbers around new-car affordability (or lack thereof) are quite staggering. According to data from Cox Automotive and Moody’s, to buy a new car in September would have taken 42.2 weeks of median income. That’s up 9% year-over-year, Cox said in a Data Point report, also noting that auto finance interest rates were at their […] [Read More]