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Wholesale EV sales at all-time high, while retail used sales approach record
Auto auctions and dealers are selling used electric vehicles at record or near-record clips. Sales of EVs at Manheim auctions reached a record high in the first quarter, according to parent company Cox Automotive, which also observed the second strongest quarter of all time for used EV sales in the overall retail car market. Manheim […]
With expenses cut, AutoCanada now turns its attention to bringing back used-car profits
In 2025, AutoCanada reached its target of $115 million in annual cost savings. Mission accomplished. Turns out, though, that was only half the mission. Even as the dealership group’s drive for efficiency pulled it out of a deep financial hole toward stable ground, revenue, sales volume and profit all fell significantly in the fourth quarter […]
Used-car retail prices continue rise in March, posing challenges for dealers & consumers
Stingy supply and macroeconomic forces like tariffs and tax returns have driven up used-vehicle prices in March, with both dealers and consumers feeling the sting. JD Power said in a forecast Thursday that used-car retail prices for the month have averaged $30,166, which is $860 higher than March 2025. According to the Carfax Used Car […]