Wholesale Used-Vehicle Prices Increase in First Half of May
Wholesale flattens mid-month, while used retail vehicle sales rose slightly but are still down compared to last year.
Wholesale flattens mid-month, while used retail vehicle sales rose slightly but are still down compared to last year.
Veteran auto auction leader John Poteet will consult, advise, and teach at TPC Management and Auction Academy.
The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
CAR 2024: An expert executive from JD Power shares the global firm’s latest analytics and insights on the used and new vehicle markets and the current and future state of electric vehicles.
The company recently auctioned off items for a charity celebrating the life of a former employee's daughter.
CAR 2024: An all-star panel of economists and data analysts find that used/wholesale vehicle prices and values will remain above the previous “normal” levels last seen in the late 2010s.
The Manheim Used Vehicle Value Index (MUVVI) fell to 198.4, a decline of 14% from a year ago.
An independent survey conducted for NAAA provides the most comprehensive picture available of the wholesale auto auction industry.
Analysis: When it comes to transporting electric vehicles, there are questions on all sides about weight, safety, and hauling.
The 1.66 million used vehicles sold at retail are up 11% year over year compared to March 2023 and the highest volume since March 2022.
Used-vehicle sales in the period were up more than 5% year over year, in line with spring fever and the tax refund season.
The Conference of Automotive Remarketing drew a professional crowd that networked for business and cultivated industry friendships.
This was the first time the Manheim Market Report index reading has been under 200 since March 2021, illustrating the outsized moves in the index over the last three years.
CAR 2024: The latest analysis from the National Auto Auction Association shows a stabilizing auction sector moving faster but still a long way from pre-pandemic years.
The arrangement will help the five-lane auction develop business and expand further into the national vehicle consignor market.
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