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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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The digital auction company is collaborating with Thoughtworks to expand capabilities, accuracy and transparency.
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Prices remained steady at already-elevated levels, and the conversion rate bumped up in March.
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The average listing price at the end of April was $28,365, surpassing the $28,000 mark for the first time since December 2021.
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The trend continues to be much worse now than a year ago when prices were notably lower and incentives were higher.
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Year to date, the total used-vehicle market is on pace to finish down more than 10% from 2021’s 40.6 million total.
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What is the top maintenance-related factor to worry about when resale is on your mind? What should you avoid spending money on? What matters the most?
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Orlando Longwood Auto Auction plans to install Black Widow Imaging to improve their customer experience.
Read More →Used vehicle marketplace KAR Global has now sold all of its ADESA U.S. physical auction business to Carvana. KAR will continue to operate its online auction portal Openlane.
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The overall used-vehicle market is experiencing a weaker spring than expected
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The International Automotive Remarketers Alliance opens registration and releases a schedule for its conference that brings together consignors, auctions, dealers, and finance companies.
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