used car market report & outlook Archives

Are you showing the Right Balance of New and Used Cars on your Lot? 05/02/2018 At this time in the car business when it is getting harder and harder to hold gross on new-vehicles, used-vehicles are becoming more critical to dealer profits than ever before. In spite of these trends, many dealers still do not have a solid grasp on their used inventory. According to Cox Automotive, new vehicle sales in 2018 are expected to decline, while used vehicle sales are… Read Article

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Waves of Off-Lease Vehicles Keep Coming, But Now They’re Different 04/27/2018 Waves of off-lease vehicles keep on rolling into dealer used-car lots, but the product mix returning this year and next will present stiff competition to the new-car market, says Charlie Chesbrough, Cox Automotive’s senior economist. That’s because the returning off-lease vehicles will contain a hefty share of CUVs, SUVs and pickup trucks – “the products consumers are most interested in,” he says. In contrast, off-lease vehicles… Read Article

off-lease vehicles used car market report & outlook News Coverage