CHICAGO (June 13, 2024) — Cars.com Inc. (NYSE: CARS) (d/b/a “Cars Commerce Inc.”), an audience-driven technology company empowering the automotive industry, today launched its May Industry Insights ...
February used-vehicle sales rise to 1.41M, inventory tightens to 42 days’ supply, and prices soften slightly, Cox Automotive reports.
Although experts anticipate more inventory reaching the used car market, increased supply may not translate into meaningful relief from elevated prices.
For the last few years, the used car market felt like a bad joke. A five-year-old pickup with 80,000 miles somehow cost ...
The car shortage is officially over. Supplies of new cars are at a four-year high, which is also boosting used car supply, data show. Unfortunately, that doesn’t necessarily mean lower prices, experts ...
Consumer demand for new and used vehicles bounced back in October after a slight dip in September, as prices continue to drop, according to new data. CarGurus, an online new and used vehicle shopping ...
New car sales bottomed out in 2022, the peak year of COVID-19-era shortages that hobbled assembly lines. Now, that slow year for new cars is coming back to haunt used car shoppers. The three-year-old ...
Almost half of used-car shoppers say the oldest vehicle they would consider is in the 3- to 5-year-old range, according to the May Industry Insights Report from Cars Commerce. And the good news for ...
The number of used vehicles in inventory on both independent and franchised used car dealer lots rose throughout 2023, reaching levels in December that matched those last seen in the fourth quarter of ...
In Cars Commerce’s most recent Industry Insights Report, industry and marketplace analytics principal David Greene noted the contrast between the steady used-car market with the relative volatility of ...