The July Automotive Insights Report (AIR) with AutoGrab shows a tightening market for used cars with sales increasing by 11.6% to 214,588 and listings reducing by 5.8% to 285,133. Buyers are flocking to the used car market to take advantage of better supply and lower prices as they try to escape the rising cost-of-living pressures. Petrol and diesel cars accounted for 95% of used cars sold, with hybrid sales increasing by 12.3% this month. Meanwhile, the supply of EVs saw the most significant decline, down 16.1% even as demand increased by 12.2%. #AIR #automotiveindustry #usedcarsales Check out the full report: https://bit.ly/46MpRCs
Australian Automotive Dealer Association (AADA)’s Post
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Automotive Insights Report for July is now available.
The July Automotive Insights Report (AIR) with AutoGrab shows a tightening market for used cars with sales increasing by 11.6% to 214,588 and listings reducing by 5.8% to 285,133. Buyers are flocking to the used car market to take advantage of better supply and lower prices as they try to escape the rising cost-of-living pressures. Petrol and diesel cars accounted for 95% of used cars sold, with hybrid sales increasing by 12.3% this month. Meanwhile, the supply of EVs saw the most significant decline, down 16.1% even as demand increased by 12.2%. #AIR #automotiveindustry #usedcarsales Check out the full report: https://bit.ly/46MpRCs
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The October edition of Automotive Insights Report (AIR) with AutoGrab shows a decline in used car sales by 3.2% to 202,355, while listings have grown by 1% to 317,861 indicating a buyers’ market as used car supply continues to outpace demand. While petrol and diesel cars account for almost 95% of total sales, consumers are increasingly turning towards fuel efficient options with more variety and affordable options now available in the Australian market. Sales of conventional petrol and diesel vehicles have dropped by 4.5% and 2.3%, while PHEVs are still the top pick for buyers – experiencing a jump in sales by 27.1%. With the influx of a large number EVs into the market, used car sellers are struggling to move stock, reflected by the increase in the average time to sell a used EV, rising from 55 days in August to 67.3 days last month. #AIR #automotiveindustrry #usedcarsales Check out the full report: https://bit.ly/40W1jGy
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The October Automotive Insights Report, created in partnership with the Australian Automotive Dealer Association (AADA), highlights key trends shaping Australia’s used car market. Sales fell 3.2% from September, with 202,355 vehicles sold, while listings increased, creating strong signs of a buyer’s market leading up to Christmas. In a market where strategic pricing and stock management are more crucial than ever, AutoGrab is here to equip dealers with the tools and insights needed to navigate these shifts and stay ahead. The market will always change and shift however, The operators will continue to operate!
The October edition of Automotive Insights Report (AIR) with AutoGrab shows a decline in used car sales by 3.2% to 202,355, while listings have grown by 1% to 317,861 indicating a buyers’ market as used car supply continues to outpace demand. While petrol and diesel cars account for almost 95% of total sales, consumers are increasingly turning towards fuel efficient options with more variety and affordable options now available in the Australian market. Sales of conventional petrol and diesel vehicles have dropped by 4.5% and 2.3%, while PHEVs are still the top pick for buyers – experiencing a jump in sales by 27.1%. With the influx of a large number EVs into the market, used car sellers are struggling to move stock, reflected by the increase in the average time to sell a used EV, rising from 55 days in August to 67.3 days last month. #AIR #automotiveindustrry #usedcarsales Check out the full report: https://bit.ly/40W1jGy
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As used car prices continue to fall from their record high in recent times, dealers report that vehicles are spending an average of only 35 days on the forecourt 🚗 Data for March of this year also shows that vehicles priced between £10,000 and £19,999 sold the fastest, with buyers gravitating towards vehicles aged between 2 and 5 years old. Despite the increase of pressure to make the change to electric or hybrid vehicles, these only made up 13% of dealer stock in the same period. Petrol being the most popular, accounting for 49% of vehicles for sale. Follow us for more market insights ✅ #CMeAutomotive #MarketInsight #AutomotiveIndustry #ElectricVehicles #CarDealers #MarketingExperts
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Radical changes in fuel-type demand for new cars will transform the UK automotive market by 2028, according to Cox Automotive. Its first-ever four-year fuel-type forecasts reveal a dramatic decline in new diesel cars and a reduction in petrol registrations that will have a profound impact on the used market. #CoxAutomotive
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With the end of the financial year drawing to a close, the May edition of the Automotive Insights Report (AIR) with AutoGrab shows sustained growth in the number of used cars for sale across every state and territory, recording an increase of 7.2% compared to last month. Ongoing strength in the new car market means that we are seeing an increased supply of used vehicles coming to market, providing consumers with more options at more affordable price points. The used market for hybrids and electric vehicles saw strong demand for the fourth consecutive month continuing the gradual demand growth trend. Meanwhile, PHEVs continue to dominate the lower-emissions vehicle sales even in the used car market, observing a sales growth rate of 16.6%. #AIR #automotiveindustry #usedcarsales For more insights, read full report: https://bit.ly/4cDOzqB
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AUTOMOTIVE INDUSTRY: THE U.S. CAR MARKET HAS AGAIN DECLINED IN LATE SEPTEMBER 2024 - INTEREST RATES HAVE REMAINED AT RECORD HIGHS, WHILE INVENTORIES & PRICES HAVE DECLINED. Here is the latest market report FROM Cox Automotive Inc. #carmarket #newcarmarket #usedcarmarket #autosales #autodealers #dealerships #vehiclesales #vehicleregistrations #usedcarsales #evsales #evadoption #consumer #consumersentiment #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #alternativeenergy #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #outlook #2024outlook #usa #unitedstates #america
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NEWS: The car market continues stabilizing in the first half of the year… Plus, how the used car market is opening the door to broader EV adoption and OEMs are paid shockingly little to share their customer data with third parties… Today’s top 3 stories in automotive: 1. Cooling prices and healthy inventories have given dealers and consumers a greater sense of normalcy… https://lnkd.in/ghd6W25g 2. Some of the earliest EV adopters are trading in their cars for newer models, creating an influx of supply to the used market… https://lnkd.in/gCj7-njZ 3. Automakers are selling driver data for pennies on the dollar to insurance companies… https://lnkd.in/g5ZF2m7v Read today’s automotive news, brought to you by Auto Hauler Exchange: https://lnkd.in/gmwhvKM9
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AUTOMOTIVE INDUSTRY: THE U.S. CAR MARKET HAS AGAIN DECLINED IN LATE SEPTEMBER 2024 - INTEREST RATES HAVE REMAINED AT RECORD HIGHS, WHILE INVENTORIES & PRICES HAVE DECLINED. Here is the latest market report FROM Cox Automotive Inc. #carmarket #newcarmarket #usedcarmarket #autosales #autodealers #dealerships #vehiclesales #vehicleregistrations #usedcarsales #evsales #evadoption #consumer #consumersentiment #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #alternativeenergy #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #outlook #2024outlook #usa #unitedstates #america
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Rising demand and technological advancements propel APAC automotive suspension systems market – ET Auto In addition to comfort, the rise in the demand for electric vehicles (EVs) is significantly influencing the suspension systems market. New Delhi: Automotive suspension systems are evolving in response to changing consumer demands and technological advancements. With rising disposable incomes in the Asia-Pacific (APAC) region, there is a growing demand for passenger cars and, consequently, https://lnkd.in/gDEYaz7b
Rising demand and technological advancements propel APAC automotive suspension systems market – ET Auto
https://bauaelectric.com
