The Auto Magazine’s Post

New Post: The Auto Magazine - JLR REPORTS STABLE Q2 RETAIL SALES - https://lnkd.in/dt-8d-ZB Retail sales of 103,108 units in the second quarter (including the Chery Jaguar Land Rover China JV) were down 3% compared to the same quarter a year ago. Retail sales for the first six months of the financial year were 214,288 units, up 3% year‑on‑year. Compared to the prior year, retail sales in the quarter […]

New Post: The Auto Magazine - JLR FULL YEAR SALES UP OVER 20 PER CENT YEAR-ON-YEAR  - https://lnkd.in/dEymBqe5 JLR reported its full year sales are up over 20 per cent year-on-year reflecting improved production and sustained global demand. Wholesale volumes of 110,190 units in the fourth quarter (excluding the Chery Jaguar Land Rover China JV) were up 16% compared to the same quarter a year ago and up 9% compared to the quarter […]

New Post: The Auto Magazine - JLR FULL YEAR SALES UP OVER 20 PER CENT YEAR-ON-YEAR  - https://lnkd.in/dn6AbBWf JLR reported its full year sales are up over 20 per cent year-on-year reflecting improved production and sustained global demand. Wholesale volumes of 110,190 units in the fourth quarter (excluding the Chery Jaguar Land Rover China JV) were up 16% compared to the same quarter a year ago and up 9% compared to the quarter […]

🚗 Mixed signals in the passenger vehicle market this October! Wholesale units held steady at 3.9 lakh, while retail sales raced ahead with a 34% YoY increase, reaching 4.5 lakh units. 📈🔻 A dynamic month for auto sales! #passengervehicles #octobersales #wholesalevsretail #autoindustry #marketupdate #salesgrowth #vehiclesales #marketreport #retailsurge #AutoSector #economicinsights #yearonyeargrowth #carmarket #autonews #industrytrends

[NEWS] Wholesale car prices rose in the first half of Nov.: The Manheim Used Vehicle Index, which tracks wholesale prices at auctions, rose 1.6% this month. An unusual increase for this time of year. By segment: — SUVs rose the most, jumping 1.7%. — Midsize cars and luxury vehicles both saw a 1.6% increase — And pickups moved up 0.9%. Big picture: Rising demand and tightening supplies are driving up wholesale prices, signaling busy days ahead as we near the end of 2024. Read today’s top automotive stories, presented by Dealer Pay, LLC: https://lnkd.in/gHjKxtkW (Data source: Cox Auto)

3/19/2024 Market Update Here is a quick recap of industry related headlines over the last week: The Canadian used wholesale market saw a decline in prices for the week at –0.26%. The Car segment fell by –0.40% and the Truck/SUVs segment prices declined –0.13%. 3 out of 22 segments’ values have increased for the week. The Full-Size Crossover/SUV segment increased by 0.47% followed by the Compact Crossover/SUV segment which rose by 0.26%. The segments with the largest declines were Sub-Compact Car at -1.45% followed by Compact Car at –0.91%. https://lnkd.in/gsSCVpDZ

IMPORTANT: This the last Market Update that I will post, as I'm retiring from CBB at the end of this week. Going forward you will be able to obtain this information straight from Canadian Black Book, should you register onto our web site to receive our weekly update. *************************** 4/23/2024 Market Update Here is a quick recap of industry related headlines over the last week: The Canadian used wholesale market saw a decline in prices for the week at –0.36%. The Car segment fell by –0.35% and the Truck/SUVs segment prices declined –0.36%.  2 out of 22 segments’ values have increased for the week.  The Compact Van Segment increased by 0.57% followed by the Small Pickup segment which rose by 0.57% as well. The segments with the largest declines were Compact Car at –1.11% followed by Compact Crossover/SUV at –0.85%. The average listing price for used vehicles was slightly down week-over-week, as the 14-day moving average was at $34,300. https://lnkd.in/e7EpZZqi

NEWS: Margin compression is rattling the used car market Wholesale used car prices bumped up 1.2% in August from July. Why? More buyers are hitting the wholesale market, with sales conversion rates climbing to 63.3%, compared to 55.7% (average) over the past three years. And declining lease maturities plus tightening supply are adding even more pressure. What about retail prices? They usually follow wholesale trends within 4 to 8 weeks. But don’t count on a big retail price spike this time. The new car market is flush with inventory and incentives, capping used car price gains. Even as dealers adjust for higher wholesale costs, price growth is expected to be modest. Bottom line: Success hinges on smart buying and pricing strategies to protect margins in a market where the usual rules don't apply. Read today’s top automotive stories, presented by Edmunds: https://lnkd.in/eBTNyguY (Data source: Manheim / Jeremy Robb)

Wholesale Insights: https://lnkd.in/ehzsBcrK Last week we celebrated the July 4th holiday! I hope everyone did get to spend quality time with family and friends and made the most of the long weekend. The market has been facing a persistent decline in both car and truck segments. This marks the sixth consecutive week of declines for the Car segments and the seventh consecutive week of declining prices for the Truck segments. This consistent downturn highlights ongoing challenges in the automotive sector. Despite the persistent market decline in the Car and Truck segments, the auction conversion rate increased to 58%, which is a 1% rise from the previous week. This improvement occurred even with most auctions being closed on Thursday for the holiday. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry #MarketInsights #WholesaleMarket

Used car prices are defying seasonal trends: New data from Manheim tells us the average wholesale used-vehicle price was $18,573 in March... That’s $3,204 less than March 2023. Basically — The wholesale prices car dealers pay for used cars have dropped meaningfully from last year… This is good news for car buyers: Wholesale price changes typically become retail price changes in about 6 - 8 weeks. (keyword: typically) Meaning, better used car deals for buyers. At these price levels, the industry could be in for a summer surge. (Data via CDG/Manheim/Cox Auto)