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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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While the used vehicle market is not fully back to normal, it shows signs of more stability and balance.
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The longtime automotive remarketing executive is credited with establishing a best-in-class risk management approach and accelerating the company’s digital transformation.
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Sales incentives were up 136% year over year in November, indicating the new-vehicle market is shifting to a buyer’s market, not a seller’s market.
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Analysts are expecting a measured movement through December and the year, which should reach the January forecast for a 4% year-over-year decline.
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The national network of independently-owned wholesale auto auctions plans to build and strengthen its auction teams.
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A third quarter report from AutoIMS comes amid the outside pressures of inflation and the United Auto Workers strike.
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From safety to market conditions to connectivity and technology, three keynote sessions at the recent Fleet Forward and Fleet Safety conferences provide an overview of the latest advances for fleets.
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The improved digital marketplace will provide a secure one-stop-shop experience with best-in-class cross-border services and real-time delivery options.
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Analysis: Slowing EV adoption, an expensive UAW labor contract, and higher consumer interest rates will diminish the profits and gains of recent years.
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The latest numbers add up to a gutpunch for the resale values of used electric vehicles as the early adopter market for EVs taps out and mainstream vehicle buyers remain cautious.
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