• Car & Automotive

    GM to launch used-vehicle shopping platform CarBravo

    DETROIT — General Motors this spring will launch CarBravo, a shopping platform designed to boost used-vehicle sales through GM dealerships, the automaker said Tuesday. “CarBravo will give customers more choice and access to shop significantly expanded inventories of both the dealer and a national central stock of GM used vehicles. Importantly, the program features will also be offered on non-GM used vehicles,” Steve Carlisle, president of GM North America, said in a statement. “CarBravo is designed to provide customers the convenience to shop how they want, where they want — online, at the dealership or both.” The used-vehicle  

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  • Car & Automotive

    Used-vehicle prices will fall quickly later in 2022, firm says. Here’s why.

    Other industry experts anticipate vehicle prices will decline at a more manageable rate. This month, Cox Automotive chief economist Jonathan Smoke told Automotive News that dealers seem more comfortable that the elevated prices they’re paying to obtain used vehicles won’t come back to haunt them. Cox expects the Manheim used-vehicle index to peak for a final time between January and April 2022, when customers spending tax refunds would cause a final price spike above the 2021 ceiling seen in November. Normal depreciation would return after this point, taking used vehicles back down to December 2021 levels in December 2022, Smoke  

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