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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 third attempt at a graduation came off this month, proving how Class 6 mastered some extra challenges from the global pandemic.
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Manheim's leader looks back on an innovative year and updates the industry on company developments.
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The average listing price of about $27,000 is running 25% above year-ago levels and 38% over pre-pandemic 2019 levels.
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New-vehicle inventory levels are still 63% lower than a year ago while the average transaction price hit another record.
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Meanwhile, used supply normalizes, rental risk pricing declines, and auto loan performance deteriorates.
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All-new Purchases Page Brings greater speed, simplification and centralization to buying on ADESA.
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With two months left in 2021, reaching the revised Cox Automotive CPO sales forecast of 2.7 million units – and possibly matching the 2.8 million record-setting 2019 level – remains within reach.
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CarNow allows dealers to view and serve shoppers in “real-time” as they engage with a dealer’s virtual or physical showroom.
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October figures show buyers are much more aggressive in purchasing than is typically the case in the fall. Combined sales into large rental, commercial, and government buyers were down 24% year-over-year in October.
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But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
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