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Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
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Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
EV sales may experience some tailwinds, leading to robust activity through the end of the year.
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The average transaction price for new EVs has slightly decreased and used EV prices are nearing parity with those of traditional vehicles.
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Retail used-vehicle sales have also increased for five consecutive weeks, and that should keep dealer demand for wholesale units elevated in the coming weeks.
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Trends indicate that used-vehicle inventory is tighter despite the monthly rise in vehicles listed.
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As the number of new vehicles increases and incentives rise, the auto industry is seeing the highest days’ supply in two years.
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Sales trends may have been affected by business disruptions early in October caused by hurricanes Helene and Milton coming back-to-back.
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October typically brings the highest monthly depreciation rates for non-seasonally adjusted values of the year.
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The decreases appear in a market where days' supply and listing prices are rising.
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The marketplace exclusively lists thousands of front-line-ready vehicles from fleet providers affiliated with J.D. Power, as well as inventory from dealerships, leasing, and car rental companies.
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All major vehicle market segments experienced seasonally adjusted prices that were down year over year in September, although declines in recent months have slowed.
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