Tag: used vehicles
Manheim reports used vehicle prices and sales rose in January
According to the Manheim Used Vehicle Value Index, wholesale used vehicle prices rose 2.5% between the ends of December and January. During the same...
Bringing imaging technology to the used vehicle market — Grace Huang...
Not only can innovations like imaging technology speed up processes in the used vehicle market, but they can also improve workplace safety and make...
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...
CarMax joins Carvana in 2022 used vehicle woes as profits fall...
CarMax has announced cuts to hiring and stock buybacks in an effort to recoup from a devastating third quarter.
The company suffered an 86% profit...
New Edmunds report forecasts modestly improved new vehicle market in 2023
Market researchers at Edmunds believe that 2023 will bring a small but noticeable increase in new vehicle sales thanks to slight economic recoveries seen...
Selling off-brand used vehicles? Tips to retain those buyers
The ongoing new vehicle shortage has many dealerships stocking any used vehicles they can get their hands on. Selling off-brand vehicles is not new,...
Experian’s Melinda Zabritski explores findings from Q3 State of Automotive Finance...
Despite vehicle price increases, 30 and 60-day delinquency rates are low, according to Experian’s Q3 State of the Automotive Finance Market report. So, what...
Expect strong new and used car sales in 2022 due to...
Industry experts are predicting that dealer activity in the new year will be easily sustained courtesy of above-normal consumer demand for vehicles. The effects...
Top market trends car dealers need to focus on in Q4
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...
J.D. Power’s Tyson Jominy on the state of the automotive industry...
We were all anticipating relief from the inventory and chip shortages by now, but unfortunately, as most experts predicted, we are still dealing with...
