Much like the new-car market, retail demand was stronger than expected for used cars in January, according to the latest CarGurus Intelligence Report.
But unlike the new-vehicle segment, prices on pre-owned eased last month.
So don’t be surprised to see …
The retail used-car market appears to have started 2023 on a high note for dealers.
In fact, analysis from Cox Automotive this week said dealers had better than anticipated used-car sales last month.
Based on same-store dealership data from its Dealertrack unit, the company estimates that used sales for dealers …
The sky is not falling in the used-car market, but certainly the expectation is for another challenging year in sales.
Brighter days may be on the horizon, but the year appears to have started on a bumpy note.
TrueCar is forecasting …
It doesn’t appear the used-car retail market closed 2022 on a particularly high note.
According to a forecast released Thursday by TrueCar, December was expected to wrap up with less than 2.5 million used-car sales.
That would be a …
Initial estimates for used-car retail sales in November are down on both a month-over-month and year-over-year basis, but comparisons to pre-COVID numbers are improving.
That’s according to analysis from Cox Automotive, which bases its sales estimates on a same-store set of dealership data from its Dealertrack business unit.
Cox estimates there was a …
Findings from the End of Year Car Shopping 2022 study from Cars.com indicate that buyers in the market for a vehicle are more likely to opt for new than used, but there was some good news for the pre-owned operations at dealerships.
Namely, a good chunk of buyers plan to bring …
Initial estimates of October’s used-vehicle retail sales show a market where momentum has “faded,” according to Cox Automotive.
In the company’s latest Manheim Used Vehicle Value Index report, Cox said same-store dealership data from Dealertrack indicates used retail sales were 9% softer than September and 13% slower than October 2021 figures.
October also represented …
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 year, there were …
It was a challenging month in the retail used-car market, and the sales slowdown might not be over.
Using data from its Dealertrack unit, Cox Automotive estimates that used-car sales at dealerships in September were down 8% month-over-month and fell 10% year-over-year.
They were also …
