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Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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SEARCHMENUSEARCHThe higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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Tight supply in wholesale and retail vehicle markets will support healthy dealer demand through December.
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EV sales may experience some tailwinds, leading to robust activity through the end of the year.
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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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Commercial vehicles, electric vehicles, and late model used vehicles all show strong double-digit volume increases.
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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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While barriers remain to creating a national system, a new coalition is pushing for reforms as a new digital clearinghouse reduces the time to register and retitle vehicles from weeks to hours.
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Despite a flattening curve due to fewer off-lease vehicles coming into channels, commercial sales rank highest in volume increases since 2023.
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Use these five strategies to motivate drivers to care for their vehicles. Have you thought about asking your drivers to submit photos of their vehicles once per year?
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