Tanya Gazdik

iSeeCars examined data from more than 1.3 million transactions of 3-year-old used vehicles between November 2022 to April 2023 and determined average cost per 1,000 miles per year for various segments and models. They found that the price per 1,000 miles per year for 3-year-old hybrids ($3,056) was 2.1% lower than that of gas cars ($3,123). More details and insights from Karl Brauer in this story below

4

In recent years, several automakers have expanded the age eligibility limits for vehicles in their respective certified pre-owned programs. And although there’s room for improvement, dealers are improving the customer experience in the service department. Both are good signs, given what S&P Global Mobility discovered about the average age of vehicles on the road. Here's why.

7

Senators Battle Auto Industry for YOUR Consumer Rights Join Senators Merkley and Warren as they navigate the political landscape, advocating for consumer rights in the automotive industry. Discover their fight against data-hungry automakers and learn how they empower consumers to take control of their personal information. Don't miss this crucial conversation! #ConsumerRights #AutoIndustry #SenatorsMerkley #SenatorWarren #DataPrivacy #PoliticalAdvocacy #AutomotiveReform #ConsumerControl #ConsumerProtection #PoliticalLeadership

3

I'm paraphrasing, but a long time ago some executive in the automotive industry told me that if your brand was relying on fleet sales to prop itself up, something was seriously wrong. That was the old days, when "fleet sales" meant selling 10,000 white Buick Skylarks to Enterprise just to keep production numbers looking good. Today, there's a staggering amount of innovation coming out of fleet services. And it's not just for the huge fleet customers with tens of thousands of pickups on the road. Even if you're a one-man plumber with a single van, brands like Ford Motor Company have a solution for you. What's really exciting to see is how this is going to influence EV sales in the fleet segment. If a purchasing manager gets a report that models the reduction in maintenance and fueling costs for a fleet of 2,000 Transit vans or Lightning Pros by shifting to electric power, they'd be out of a job if they ignored it. Your average consumer may not like the idea of connected services, but fleet managers live for it and are willing to pay for it.

5

1 Comment

Auto execs: The revamped Center for Automotive Research #CARMBS will dissect issues that matter, expand your network and enhance your career. The North American auto industry’s top thought leadership event, here are some highlights you can expect, including General Motors President Mark Reuss: https://bit.ly/45kqDpF #automotive #thoughtleadership

2

Are consumers holding off on purchases at your dealership because of uncertainty about the 2024 general election, as some #cardealers have suggested? Pessimism crept into franchised dealers' outlooks during the third quarter, according to a new Cox Automotive Inc. poll, which also found that interest rates and consumers' political uncertainty continue to burden the industry. Dealers' responses during the quarter found franchised stores experiencing the kind of vehicle supply and consumer pressure to lower prices they saw before the COVID-19 pandemic. The results also suggested profitability had fallen from the highs franchised dealers felt in 2021 and 2022, when consumers had savings and pandemic stimulus money to burn and scarcer inventory to spend it on. But franchised dealers pointed to consumer election uncertainty, interest rates and the economy as the reason for their business woes rather than a return to normalcy, according to Cox. Read more on Automotive News:

1

Here is Automotive News' latest data-centric project: Top 100 U.S. dealership groups ranked by used-vehicle sales in 2023. https://lnkd.in/gNX3NkdD A special thanks to Mary Raetz and Heather Rowe of the Automotive News Research & Data Center, who compiled and sorted the Top 100 data and answered each data-related question I had during the writing process for this. This package also wouldn't be possible without a lot of other careful human effort, including contributions by AN's design, social media, web, multimedia, editing and copy editing teams. I'm especially glad for Amy Butters' careful reviews of the copy that went into this package. ICYMI: Read Gail Kachadourian Howe and Julie Walker's breakdown of the Top 150 dealership groups (by new-vehicle sales in 2023) here: https://lnkd.in/gT-kjdTk We're also looking to build out our list of retailers who sell only used vehicles. If you operate one, submit your contact information at the following link to receive a survey about it: https://lnkd.in/gWmj2zPN

11

2 Comments