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The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
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The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
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The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
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KAR expects to be immediately profitable across its North American dealer-to-dealer platforms while enhancing its position in the highly fragmented wholesale used vehicle market.
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The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
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The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
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Near-record low new-vehicle inventory and record-high prices will keep certified pre-owned units as very attractive alternatives.
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The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
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The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
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Cox Automotive Commentary: The third quarter will be the industry’s toughest in 2021, and our analysts are forecasting second-half sales to finish below first half.
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