Full Market Insights: https://heyor.ca/xrdgmy Last week, the auctions recorded the highest total inventory of the year accompanied by a 2% decrease in the auction conversion rate. Although depreciation slowed for the second week in a row, buyers are showing increased caution. The market’s 0.46% decline aligns with typical seasonal depreciation patterns, slightly better than the pre-pandemic average during the same week of-0.50%. From everyone at Black Book, we wish you a wonderful holiday! #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry
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Check out my team's first short-form consumer video!
Considering a new vehicle purchase, but curious about the timing? According to J.D. Power, U.S. consumers spent $51.7 billion on new vehicles in March 2024, the highest on record for the month of March. What factors are driving this trend? - Dealerships are bolstering their inventory. - Although sticker prices have risen, manufacturers offsetting with increased discounts. - Dealerships are experiencing a reduction in profit margins per sale. Learn more: https://hubs.la/Q02tcbl60 ⭐️ For more consumer videos like this one, follow J.D. Power on Tik Tok, Instagram, Youtube and Facebook! #Cars #AutomotiveIndustry #CarSales #VehicleSales
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Dealers have seen stronger-than-expected used vehicle sales to start Q4, but the days-to-sell average remains near 50 days. Are you holding some vehicles too long? Join Derek Hansen and Christian Hanna III in our latest Live Market View as they dive into used vehicle sales, inventory, and depreciation trends. Don't miss out on these insights! Watch now and stay ahead of the curve. https://cox.auto/uhNpa #AutoIndustry #DataScience #CoxAutomotive #UsedCarSales #MarketTrends
Dealers have seen stronger-than-expected used vehicle sales to start Q4, but the days-to-sell average remains near 50 days. Are you holding some vehicles too long? Join Derek Hansen and Chris Stutsman our latest Live Market View as they dive into used vehicle sales, inventory, and depreciation trends. Don't miss out on these insights! Watch now and stay ahead of the curve. https://cox.auto/uhNpa #AutoIndustry #DataScience #CoxAutomotive #UsedCarSales #MarketTrends
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Used vehicle sales continue to show strong momentum in Q4, and AI continues to dominate the headlines. That and more in this quarter's live market view.
Dealers have seen stronger-than-expected used vehicle sales to start Q4, but the days-to-sell average remains near 50 days. Are you holding some vehicles too long? Join Derek Hansen and Chris Stutsman our latest Live Market View as they dive into used vehicle sales, inventory, and depreciation trends. Don't miss out on these insights! Watch now and stay ahead of the curve. https://cox.auto/uhNpa #AutoIndustry #DataScience #CoxAutomotive #UsedCarSales #MarketTrends
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Dealers have seen stronger-than-expected used vehicle sales to start Q4, but the days-to-sell average remains near 50 days. Are you holding some vehicles too long? Join Derek Hansen and Chris Stutsman our latest Live Market View as they dive into used vehicle sales, inventory, and depreciation trends. Don't miss out on these insights! Watch now and stay ahead of the curve. https://cox.auto/uhNpa #AutoIndustry #DataScience #CoxAutomotive #UsedCarSales #MarketTrends
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Cox Automotive Analyzes Year-Over-Year Price Changes in Vehicle Segments: … the latest insights from Cox Automotive on how prices have changed … on Price Trends With Cox Automotive’s data, you can easily … or selling a vehicle. Cox Automotive’s insights can give you … deal possible. Benefit from Cox Automotive’s Data Put the power … #car #cars #awesome
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Interesting chart of both the 28-month trend of the Manheim Used Vehicle Value Index and the New Car Inventory Index, since there is an 86.5% negative correlation between these two indices. Both indicators have significantly improved, but adding a simple linear regression line suggests that it will be a couple of years before either one reaches pre-Covid levels. #MarketTrends #AutomotiveIndustry #DataAnalysis #EconomicOutlook
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The Canadian Black Book Used Vehicle Retention Index breaks down the numbers, calculating Wholesale Average values on two- to six-year-old vehicles as a percentage of their original MSRP. 📊🔍 This index, packed with data from daily updates and numerous auto auctions nationwide, gives you the lowdown on the Canadian used car market. No bias, just pure insights! Visit https://buff.ly/3O1Zhh1 for our recent update. #CanadianBlackBook #UsedVehicleMarket #DataDrivenInsights
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"🚗 Introducing our latest dashboard revealing insights from recent car sales data! 📊 Utilizing a variety of charts including pie, bar graphs, and cards, we've crafted a visually stunning representation of our sales landscape. 💼 Dive into the numbers with us as we uncover key trends and opportunities for growth. Here are the highlights: - 🌟 From sleek SUVs to stylish hatchbacks, our analysis reveals the pulse of customer preferences. - 📈 With sales consistently climbing, we're charting a course for success. - 💰 Pale white emerges as the color of choice, while regional demand shines a light on growth areas like Pasco and Middletown. - 🌎 Chevrolet, Dodge, and Ford stand out as top performers, driving revenue forward. - 🚀 Our growth percentage has surged to an impressive 23.59%! Join us on this data-driven journey as we navigate towards even greater achievements! #CarSales #DataDriven #Growth"
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Fastest-growing category of vehicles: New vehicle inventory *under* $30K — up 57% year-over-year. Still hovering around historic lows ... but rising quickly from the 2022/23 bottom. There is HOPE. More inventory insights here: https://lnkd.in/eQUGDGnj (Data via Cars Commerce #carscommercepartner)
