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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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Compared to last month, wholesale used vehicle prices are down 1.3%, but year over year, prices are up 10.7%.
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The International Automotive Remarketers Alliance Summer Roundtable will address the questions spurred by inflation, rising energy costs, fleet electrification, supply chain twists, and constrained inventory.
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The experienced remarketing executives will take the reconditioning company to new levels across all areas of operations.
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Although economic conditions are worsening, the lack of supply is still the greatest headwind facing the auto industry.
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Marty D'Amato will lead the company’s operations, people, processes, and technology to meet rising client demand for reconditioning services.
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Karol Kirby Ahmed was recently featured on local TV news in a story about women-lead auctions.
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Along with lanes full of cars, food and giveaways, dealers from surrounding states were witness to the inaugural sale of the new operation.
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The typical monthly payment hits a record of $712.
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The average listing price as May closed dipped to $28,312, compared with a revised $28,372 at the end of April.
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May’s CPO sales result is the lowest since February, also down over 22% from May 2021.
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