Tag: used-vehicle sales
Wholesale used vehicle prices show modest decline in September
Wholesale used-vehicle prices saw a modest 0.2% decline in the first half of September, according to the latest Manheim Used Vehicle Value Index, which...
Used vehicle prices rise in August as consumer confidence shows modest...
Wholesale used vehicle prices increased in August, with the Manheim Used Vehicle Value Index (MUVVI) rising to 203.9, reflecting a 1.2% increase from July,...
Maximizing profitability in the used car market amid price corrections
With new car inventories nearing pre-pandemic levels, the used car market is experiencing a significant price correction. For dealerships, this shift presents both challenges...
Wholesale used-vehicle prices rise in July, reflecting market trends
In July, wholesale used-vehicle prices increased, with the Manheim Used Vehicle Value Index (MUVVI) climbing to 201.6, marking a 2.8% rise from June. Despite...
Used vehicle inventory falls as DMS outage disrupts sales
According to a Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of July were lower than in...
How Sonic Automotive was able to break records in 2022 —...
Sonic Automotive recently reported revenue records for the fourth quarter and fiscal year of 2022. On this episode of Inside Automotive, Jeff Dyke, the...
Manheim forecasts used vehicle market will perform better in 2023
Cox Automotive has published a surprisingly positive forecast for 2023's used-vehicle market, predicting slightly better sales and a market normalization.
The data used for its...
The best ways to position your inventory going into the colder...
Welcome to this week’s episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the...
Auto retail expert Jasen Rice discusses the latest trends in the...
In case you missed it, we’ve got a brand new show on CBT all about the used car industry. On today’s show, we’re pleased...
NIADA CEO Bob Voltmann on how independent dealers are managing strong...
Independent dealers face many unique challenges in the used-vehicle market. Today on CBT News, host Jim Fitzpatrick is joined by Bob Voltmann, CEO of...