Used EV Sales Increase by 32% in Q1 2023
Buyers in the used, new, and remarketed vehicle segments should expect continued growth in used electric vehicle sales as availability increases and retail prices decrease.
Buyers in the used, new, and remarketed vehicle segments should expect continued growth in used electric vehicle sales as availability increases and retail prices decrease.
After closing out 2022 with the longest-running, sharpest decline over a single year, wholesale used vehicle prices have risen in 2023.
CAR 2023: The annual messages from the National Auto Auction Association and International Automotive Remarketers Alliance presidents homed in on the volume of industry activity and macro-influences on the market.
The movement of new vehicles into fleet increases at a consecutive monthly pace with supply freeing up after several years of constraints, according to Bobit fleet data.
CAR 2023: Recipients of the IARA Circle of Excellence, CAR Remarketer of the Year, and CAR Consignor of the Year awards swept the stage with industry accomplishments.
The company names a new leadership team as it refocuses on the next versions of detailed digital vehicle photos and images used in auctions.
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.
CAR 2023: These 10 reasons sum up why the Conference of Automotive Remarketing provides solid business, career, and networking ROI.
CAR 2023: Amid so much change on so many industry fronts, remarketers need to discern the main drivers that are transforming daily operations
CAR 2023: The industry training group is attracting more participants as it expands its professional education.
Although prices are falling, they likely won't decline too much given the tighter inventory compared to 2021.
CAR 2023: Remarketers should prepare for more of the economic and market conditions that have been shifting widely year to year since 2019.
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.
CAR 2023: This big picture spanning OEMs, suppliers and vehicle markets will help inform business strategies that involve the macro-trends redefining the industry.
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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