The latest Presidio Group/NCM Associates report finds the average U.S. franchised dealer enjoyed a 27.1% year-over-year increase in net pretax profit in the second quarter. +
vAuto data shows U.S. sales of pre-owned units were down 1.5% month-over-month in June, led by a double-digit decrease in CPO sales blamed in part on a “seasonal slowdown.” +
Amid shifting supply-side dynamics, the Manheim Used Vehicle Value Index increased by 6.3% year-over-year and 1.6% month-over-month in June. +
Cox Automotive’s latest Car Buyer Journey Study finds 75% of all new vehicle buyers and 82% of new EV buyers were “highly satisfied” in 2024. Analysts largely attribute the record highs to new technology. +
The Tesla Model 3 moved up in iSeeCars’ annual rankings of the nation’s best selling used vehicles, but pickups and SUVs continued to lead the market in 2024. +
U.S. dealers sold 106,155 new EVs and 23,788 pre-owned EVs in October, according to Cox Automotive’s latest EV Market Monitor report. +
Kelley Blue Book reports U.S. used-vehicle sales by franchised and independent dealers increased in October, improving by 7% month-over-month and 12% year-over-year. +
