Top 10 Used Car Dealers – 2019 Ranking List
Top 10 Used Car Dealers in the US for 2019 based on the number of vehicles sold. Top 100 retailers based in the U.S., ranked on 2019 used-vehicle sales units (PDF)
April 22, 2020
Appraiser Blog
Large Pickup Trucks Sales Least Effected by Covid
Large Pickup Trucks Sales Least Effected by Covid While most dealers in US are experiencing sale declines as high as 80% in in the second half of March 2020, large pickup truck sales remained flat in the South dropped only 29% in the northeast. Reasons for the low decline in
April 6, 2020
US Car Dealer Rankings for 2019
US Car Dealer Rankings for 2019 Top 20 Car Dealers with the Most Increase in the Number of Stores – 2019. Dealership group Number of dealerships – 2019 Number of dealerships – 2018 Store Increase Percent Increase 1 Ciocca Dealerships 20 14 6 42.9% 2 Kahlig Auto Group
April 4, 2020
Car Prices Drop 4% at Auction
Car Prices Drop 4% at Auction
Spring is usually the high season when it comes to car sales. Dealers, anticipating tax refund checks stock up on inventory.
The early March week to week price index was as high as 1.25% signaling the beginning of the Spring car season. This is a stark contrast the the late March/early April price index of -2.5% which is almost a 4% swing in prices.
4% might not seem that high on first glance, however if this trend continues, car prices are set to drop around 15% by mid-May.
April 4, 2020
Manheim COVID-19 Operations Update
COVID-19 Operations Update as of March 25, 2020 Due to ongoing public health concerns and the safety of all involved, Manheim is making operational and policy changes to address the changing conditions in various locations. In the event that a Manheim auction or offsite location (i.e. dealership or storage location)
March 31, 2020
AFC Dealer Changes Lending Terms March 2020
AFC Dealer Changes Lending Terms March 2020 Dealers logging in to the AFC website are being prompted to agree to new lending terms. Below is the message received. AFC account access is blocked until the terms are agreed on. ” Change Notices Attention! Changes to certain terms and conditions of
March 30, 2020
Georgia Motor Vehicle Division Extension of Motor Vehicle Registrations
Georgia Motor Vehicle Division Extension of Motor Vehicle Registrations Due to concerns regarding COVID-19, the Georgia Motor Vehicle Division (MVD) is extending all motor vehicle registrations that expire between March 16, 2020, and May 14, 2020. Those registrations are extended through May 15, 2020. This extension applies to personal passenger
March 26, 2020
US Auto Inventory & Day Supply for March 2020
US Auto Inventory & Day Supply for March 2020 Day Supply February Day Supply March Inventory Units American Honda 88 83 381,400 Hyundai Kia 72 62 256,300 Mazda N.A. 58 57 61,900 Mitsubishi Motors 77 55 33,000 Subaru America 35 37 73,400 Toyota
March 24, 2020
TradeRev Closing Removed – Auctions will have Visible Timers
TradeRev Closing Removed – Auctions will have Visible Timers
Effective March 25, 2020, the closing category in the TradeRev car dealer buying app will be removed and replaced with visible timers same as regular auction sites like Ebay.
Below is an email sent to all Traderev dealers on March 24th announcing the change.
Traderev email on 03/24/2020
“The final farewell to the Closing period is here. Tomorrow, we’ll say goodbye to Closing and say hello to visible auction timers and a new web search bar. Check out more below.
No More Closing
A win’s a win. Starting tomorrow, there’ll no longer be a second round of bidding once the 45-minute auction is over.
Auction Countdowns
With a visible auction timer, you can see how much time is on every single trade, so you never miss out on a bid. We’ll also add an extra minute to the auction each time a bid is placed in the last 3 minutes. That way no one can swoop in on your trade with a last-minute bid.
Web Search
Find the trades that matter to you most. Simply enter vehicle details like the year, model or make and the exact matches will appear followed by other similar trades in a separate section.
To enable this update, you’ll automatically be logged out tomorrow. Simply sign back in and enjoy the new features.”
TradeRev is owned by KAR Global and located at 36 South Pennsylvania Street, 7th Floor Indianapolis, IN 46204.
March 24, 2020
Classic Ford Mustang Price Decline Q1 2020
Classic Ford Mustang Price Decline Q1 2020 After seeing steady increases through the last decade, the price of classic or collector Ford Mustangs (Generations 1 and 2 as well as Shelbys) is on the decline. The COVID19 virus has adversely affected the classic and collector car market with a cash
March 23, 2020
Auto Listing Sites Revenue
Auto Listing Sites Revenue Annual revenue in millions for some top four 3rd-party vehicle listing marketplaces. Top 4 Car Listing Companies by Revenue: Autotrader Cars.com CarGurus True Car Top 4 Car Listing Companies Yearly Revenue 2017 – 2019 ($Million) 2017 2018 +/- 2019 +/- Autotrader 1093 975 -12.1% 875 -11.4%
February 10, 2020
TradeRev BuyNow Feature Updated
TradeRev BuyNow Feature Updated
Last week TradeRev made changes to Buy Now to streamline sales for both Buyers and Sellers.
Here’s what happened:
No more offers on Buy Now. Every vehicle will be available for the visible floor price. Before this, buyers had to put an offer on buy-it-now inventory and that was annoying and pointless.
Floor price is now the Buy Now Price. Vehicles with a floor price that are not sold at the standard auction will automatically be listed in Buy Now for a second chance to sell.
Sellers Must Opt into Buy Now. If seller want their vehicles to automatically move into Buy Now in the event of a no-sale, they must ensure that option is enabled in their Settings.
The floor price input is now in the Overview section on web and the Overview page on mobile.
Buyers must update their mobile app to TradeRev 4.30.
January 29, 2020
Car Dealer Industry Labor Force
Below is a table outlining the number of employees in the U.S. motor vehicle and parts dealer industry from 2007 to 2018. Year Employees x 1,000 Y/Y Change 2007 1,911 2008 1,871 -2.1% 2009 1,634 -12.7% 2010 1,625 -0.6% 2011 1,685 3.7% 2012 1,730 2.7% 2013 1,782 3.0% 2014 1,851
January 24, 2020
New Car Day Supply January 2020
New Car Day Supply January 2020
What is “Day Supply”: If a car dealer stops receiving new inventory, the day supply is the number of days it will take (at the current rate of sale) for the dealer to run out of vehicles.
The lower the day supply number the healthier the dealer is as inventory is turning quickly.
Car Makers with the shortest Day Supply (good):
Subaru, 21 days
BMW, 34 days
Kia, 34 days
Audi, 36 days
Lexus, 37 days
Car Makers with the longest Day Supply (bad):
Fiat, 214 days
VW, 117 days
Mini, 103 days
Jeep, 94 days
Mitsubishi, 84 days
Day Supply 5-year Chart
Year Day Supply
2016 61
2017 63
2018 61
2019 62
2020 58
Day Supply: Domestics vs. Imports
January 2020 January 2019
US Car Makers 67 82
European Car Makers 52 62
Japanese Car Makers 52 62
Korean Car Makers 47 52
Auto Industry 58 69
January 15, 2020
List of Automotive Top Safety Picks for 2019
List of Automotive Top Safety Picks for 2019. To be considered a Top Safety Pick by the Insurance Institute for Highway Safety (IIHS), a vehicle must earn good ratings in the driver-side small overlap front, moderate overlap front, side, roof strength and head restraint tests, as well as an acceptable or good rating in the passenger-side small overlap front test. It also must earn an advanced or superior rating for front crash prevention and an acceptable or good headlight rating.
To be considered a Top Safety Pick by the Insurance Institute for Highway Safety (IIHS), a vehicle must earn good ratings in the driver-side small overlap front, moderate overlap front, side, roof strength and head restraint tests, as well as an acceptable or good rating in the passenger-side small overlap front test. It also must earn an advanced or superior rating for front crash prevention and an acceptable or good headlight rating.
December 24, 2019
2019 Vehicle Sales by Segment
2019 Vehicle Sales by Segment. This US Car market report provides information about passenger cars, including economy and family, sports and luxury vehicles as well as minivans and Sport Utility Vehicles. It excludes motorcycles, buses, trucks and large vans.
The market segmentation is based on several factors, including physical properties (mass, volume, footprint = (front track width + rear track width)/2 x wheelbase, etc.) and consumer base (pricing, status, etc.).
2019 Vehicle Sales by segment is up 0.7% from 2018 to $17,552 Trillion
2019 Vehicle Revenue by Segment is up 0.9% from 2018 to $615 Billion
Ford leads the US in sales market share with 12.7% followed by Toyota with 12.5%
Toyota leads the US in revenue market share with 11.5% followed by Ford with 11.3%
The US is the worlds leader in Auto sales revenue with $615 Billion, followed by China with $555 Billion
Among Luxury brands, Mercedes leads with 15.8% market share
December 18, 2019
Top 20 Dealership Groups Ranked on 2018 Body Shop Revenue
Top 20 dealership groups in the U.S. ranked on 2018 body shop revenue Collision Repair Market Share Collision repair is a $36.2 billion-a-year business in the U.S. Body shops operated by car dealerships trailed both chain and franchised repair centers and independent shops in their share of the U.S.
November 8, 2019
German Autos Depreciating at Higher Pace 2015-2019
Sliding German Car Residual Values 2015 – 2019 As Tesla enters the Sub $40,000 price market, the German Automakers are feeling the pressure with lower overall residuals on 3 year old vehicles. You can now buy a used 3 year old BMW, Mercedes or Audi for a little more than
October 17, 2019
VIN Year Chart 1981 to 2040
Vehicle Identification Number (VIN) – 10th Digit – Chart by Year The Vehicle Identification Number (VIN) is a crucial serial number used to identify individual vehicles. Each VIN is unique and provides valuable information about a vehicle’s origin, including its model year. Deciphering the VIN can be a helpful tool
October 9, 2019
2020 BMW 3-SERIES Depreciation Curve
2020 BMW 3-Series Depreciation Curve, Prices & Specs Vehicle 2020 BMW 3-Series 4D Sedan Marketing Message: Always forward. Major Changes: * All New Model for 2020 2020 BMW 3-Series Build Sheet with Options (PDF) MSRP and Invoice Prices 2020 BMW 3-Series M340i 4D Sedan Retail Invoice Markup Base $54,000 $50,720
October 1, 2019
Diminished Value of Georgia
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The Free Estimate Game:
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