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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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Monthly YOY and year-to-date sales point to a commercial fleet sector moving more vehicles into remarketing channels during the last six-plus months.
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The arrangement accesses cloud-based software designed to help financial institutions keep track of their vehicle and asset collections and limit repetitive clunky tasks.
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Sales conversion is running several points above the previous three years, including 2021, indicating that buyer demand is relatively strong despite all the uncertainty in the market.
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The vehicle reconditioning executive worked in the automotive auction industry for more than 50 years and was the founder of CARS Recon, Inc.
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A live auction channel connects the auction's online operations in California and enables dealers to buy and sell vehicles in less time.
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CAR 2024: Negative media headlines about EVs abounded in the past year, bringing a dose of reality mixed with some exaggeration that data and facts can correct.
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PMR provides vehicle values based on millions of wholesale transactions from the Auction Edge national network.
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The market is still seeing higher sales conversion levels with days’ supply down as sales have continued to run above last year’s levels.
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Affordability remains challenging for consumers, and supply is more limited at lower price points.
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The site includes refreshed content to on the latest auction updates, company news, and community initiatives.
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