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Used Vehicle

S&P Mobility Report: Age of Light Vehicles Rises Again

S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.

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CPO Sales Bested February Totals

The industry saw 14.3% month over month growth, but CPO sales still fell 23.3% short of 2021 sales for the same month.

Higher Profits Through Used Vehicle Sales

Dealers are investing in older, used, high-mileage inventory, and they are also retaining vehicles taken on trade which would have previously gone to auction.

Used Inventory in High Demand: How Dealers Can Sell More F&I Products in 2021

With a few key strategies in mind, auto dealers will be better equipped with the right F&I product portfolio to meet the needs of the growing number of people shopping for used vehicles in 2021.

DRIVIN Launches Marketplace Platform

DRIVIN announced the launch of DRIVIN Marketplace, where dealers can list and remarket unwanted inventory to their established network of dealers. The service will then match and recommend the listed inventory to more than 1,000 open vehicle searches from dealers across the country, according to the company.

Black Book: Most Used-Vehicle Segments Show 'Slightly Better' Retention in July

The average price of a used vehicle for model years 2011-2015 depreciated 1.5%, slightly less than last month (1.7%) but slightly higher than a year ago (1.4%), according to Black Book.

KBB: Low Fuel Prices Have Used-Vehicle Buyers Flocking to High-Performance Segments

Used-vehicle buyers are turning to sports cars in greater numbers thanks to low fuel prices, which are allowing them to forego fuel efficiency in favor of performance, KBB said this week.

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