Robust rise in ‘value’ used-car sales highlights a strong Q1 for Lithia

Robust rise in ‘value’ used-car sales highlights a strong Q1 for Lithia

Lithia and Driveway’s used-car segment had a strong first quarter highlighted by robust sales in what the auto retailer characterizes as “value” units. “Used autos are foundational to our model and we expect to see ongoing positive trends in the quarters ahead,” said Bryan DeBoer, Lithia’s president and CEO, during the earnings call. Used-vehicle sales in the first quarter ... TO READ THE FULL STORY BECOME A MEMBER Login The post Robust rise i…

Used vehicle market sees cars drop in value as trucks rise

The Canadian used wholesale market saw pricing decline -0.01% for the week ending on April 19, a slight dip from Canadian Black Book’s previous report but still up from the 2017-2019 average of -0.12% for the same period.  Car segment prices were down -0.15%, also a dip from the prior week. And truck/SUV segments increased by +0.13%, from CBB’s previous report of +0.07%. The largest increases were seen in sub-compact luxury crossovers/SUVs and f…