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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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Overall sales are up in the quarter, including for fleets. However, headwinds are growing and inventory levels are moving back above the pre-pandemic normal, suggesting a slowing of demand.
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CAR 2023: These 10 reasons sum up why the Conference of Automotive Remarketing provides solid business, career, and networking ROI.
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CAR 2023: Amid so much change on so many industry fronts, remarketers need to discern the main drivers that are transforming daily operations
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CAR 2023: The industry training group is attracting more participants as it expands its professional education.
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Although prices are falling, they likely won't decline too much given the tighter inventory compared to 2021.
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CAR 2023: Remarketers should prepare for more of the economic and market conditions that have been shifting widely year to year since 2019.
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CAR 2023: There’s no better way to pick up useful new ideas than to hear from remarketing leaders on the front lines of diverse industry sectors.
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CAR 2023: This big picture spanning OEMs, suppliers and vehicle markets will help inform business strategies that involve the macro-trends redefining the industry.
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The month also ended at near 41 days’ vehicle supply, down from 48 days at the end of January and 13 days lower than February 2022 at 54 days' supply.
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CAR 2023: The complementary workshops and tandem panel sessions during the Conference of Automotive Remarketing are designed for audience insights, brainstorms, and solutions.
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