used-vehicle sales Archives

Podcast: Jonathan Smoke Shares His Take on 2022 Used-Car Market 01/21/2022 Auto Remarketing Podcast, Jan. 21, 2022 – Cox Automotive chief economist Jonathan Smoke is back on the show to help make sense of the mixed signals that wholesale vehicle prices have shown at the start of 2022. Plus, Auto Remarketing editor Joe Overby and Smoke talk about the growth in what Cox Automotive has dubbed "New Form Online Retailers" and all things used cars. Listen to… Read Article

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Commentary: Independent Dealers are Poised to Thrive as Driving Force in Recovery 05/21/2021 The used-vehicle market reaches 40 million units sold in a good year, dwarfing the new-vehicle business. While roughly 45% of used vehicle sales are private party—neighbor to neighbor deals—the growing majority are retail sales closed at dealerships. Independent dealers, often overlooked by industry observers and media alike, are a driving force in this corner of the business: More than half of retail used-vehicle sales and nearly… Read Article

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No let-up in used-car strength for ‘quite some time’ 09/04/2018 With various economic and political factors at play, don’t expect the strength in the used-car market, be it unit sales or prices, to die down any time soon. “Our view is that it’s going to go on for quite some time,” Cox Automotive senior economist Charlie Chesbrough said Tuesday during a conference call with reporters. “On the new-car side, affordability is going to become a greater… Read Article

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Best July used-car SAAR since 2012 08/07/2018 In fact, not since 2012 has the July seasonally adjusted annualized rate for used cars been as high as it was last month. That’s according to the latest Manheim Used Vehicle Value Index report, which said used-car sales paced at an estimated 39.2 million SAAR last month. There was a 3-percent year-over-year gain in used-vehicle sales volume last month, and the annualized pace has climbed 1… Read Article

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2 factors perhaps driving rise in used-vehicle sales 08/03/2018 The retail used-vehicle market is likely benefitting — at the moment, at least — from pulling over and pulling ahead. That is to say, a value proposition that is pulling would-be buyers of traditional cars in the new market over to the used market; and the specter of proposed automotive tariffs that may be leading dealers to buy used inventory ahead of such measures going into… Read Article

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