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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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In episode 3 of this Global Fleet video series, AF and Hans Damen of Fleet360 break down the demand destruction that is happening across the globe and what inflationary pressures are being seen in the market.
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Insights from the "cereal box" workshop at the 2022 Conference of Automotive Remarketing show how consignors and auctions can be creative in accurately pricing wholesale vehicles.
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In the debut of a new video series, AF interviews Hans Damen of Fleet360 to discuss fleet costs and funding differences in Europe and the U.S., and what a potential recession could mean.
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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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Combined sales into large rental, commercial and government buyers were up over 4% year over year in April.
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At the end of March, the average listing price was $27,246, off record levels in December when it surpassed $28,000. The list price was down some from the end of February when it was a revised $27,609.
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The second quarter – especially April – will be the strongest part of the year for used vehicle sales and values, and then slow down but not crash.
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On a month-over-month basis, all major segments saw seasonally adjusted price declines, with pickups declining the most.
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The average listing price dipped again to $27,608, still off the December peak when it surpassed $28,000. But the average listing price was 28% above that of February 2021.
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