OttoMoto, LLC’s Post

More older model year vehicles are being financed, and having the right product mix that benefits the buyer can go a long way. With fewer lease returns coming back into the market, this year may bring continued variability in used car prices and availability, but new car inventory levels are strong and will help bolster overall sales. 🚗 See more Q1 stats and review the trends in our recent report! Read now: https://hubs.li/Q02yp_GD0 #jmagroup #automotivetrends #autotrends #automotive #dealerships

Last week, Auto Trader Insight launched our dedicated hub on the future of used car supply in the UK. The message is clear - supply will never be the same again as pandemic-related shortages of new cars feed their way into the used car market and returning supply is increasingly electric. By 2026, there will be 3 million fewer under-five-year-old cars on the road than in 2019, putting pressure on retailers who rely on this stock to fill their forecourts. Not all brands are impacted equally - amongst others there will be significantly fewer Fiats, Fords and Mercedes on the road in 2026 than 2019 whereas Kia, MG and Tesla will see considerable increases. With 1 in 4 under-five-year old cars on the road expected to be electric by the end of 2026, what supply does exist in that age cohort will look very different to what it did before - requiring retailers to adapt how they think about selling cars. Lots more information, including at a brand level, on the hub! https://lnkd.in/e9Kx5RKT

I mentioned to several I worked with a couple years ago when production lines came to a halt that this was going to affect our industry and would be approximately a 5-6 year cycle before we get 'back to normal' and CDG just backed it up with more data. If your processes are not in check at the dealership level, this will result in more buy/sells with the smaller dealerships selling to major auto groups. If you want to get an evaluation of your processes, let's connect and protect your market.

Explore the key trends shaping the auto industry in 2024. From normalization to EV complexities and used car market fluctuations, discover the insights that will help your dealership succeed in this ever-changing landscape: https://ow.ly/9cw350Ro6gf #ShiftDigital #Automotive #AutomotiveIndustryTrends #Dealerships #DriveSuccess

Consumer Reports Says These Cars Are Currently The Worst Deals: Overall, the U.S. auto industry has largely recovered from the supply chain issues that drove the cost of new cars through the roof and brought the price of used cars up along with it. Not all new cars are selling below MSRP now, but enough are that you can generally expect to find a deal if you’re willing to shop… Read more... #car #cars #awesome

Exciting Market Update from Q2! Dealers, don’t miss our latest Live Market View video where we break down three critical themes: 1. Incentives and Rebates for New Cars 2. Targeted Used Car Opportunities 3. Back to the Basics Gain exclusive insights and actionable strategies to stay ahead of the curve. Let's optimize your inventory management and boost your profit margins. Watch our Live Market View video from Q2 now: https://bit.ly/3AfiabO #Automotive #CarDealerships #MarketInsights

Car manufacturers are pulling out all the stops to revitalise demand! Stay ahead of the curve with insights from Auto Trader and learn how this strategy is shaping the automotive market #AutomotiveInsights https://bit.ly/4cTfEHi

📉 The new car market experienced a significant contraction, declining by almost a third over the four-year period between January 2020 and December 2023 compared to the equivalent period from 2016 to 2019. This represents a loss of 3.1 million vehicles. Stay tuned for more insights and trends shaping the automotive landscape! Cox Automotive Europe Philip Nothard Four-warned is forearmed: Fuel-type forecast 2024-27 https://lnkd.in/eFWffWEv #AutomotiveIndustry #NewCarMarket 🌟

Car buyers are showing an increasing demand to self-serve during the order-to-delivery gap! Discover how this trend is reshaping the automotive retail experience in our article below #AutoBuzz https://bit.ly/3POivaD

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