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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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Wholesale flattens mid-month, while used retail vehicle sales rose slightly but are still down compared to last year.
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Veteran auto auction leader John Poteet will consult, advise, and teach at TPC Management and Auction Academy.
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The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
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CAR 2024: An expert executive from JD Power shares the global firm’s latest analytics and insights on the used and new vehicle markets and the current and future state of electric vehicles.
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The company recently auctioned off items for a charity celebrating the life of a former employee's daughter.
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CAR 2024: An all-star panel of economists and data analysts find that used/wholesale vehicle prices and values will remain above the previous “normal” levels last seen in the late 2010s.
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The Manheim Used Vehicle Value Index (MUVVI) fell to 198.4, a decline of 14% from a year ago.
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An independent survey conducted for NAAA provides the most comprehensive picture available of the wholesale auto auction industry.
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Analysis: When it comes to transporting electric vehicles, there are questions on all sides about weight, safety, and hauling.
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The 1.66 million used vehicles sold at retail are up 11% year over year compared to March 2023 and the highest volume since March 2022.
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