CarMax, UVeye Automate Inspections at Wholesale Auctions
The vehicle scans will check vehicle exteriors, undercarriage components and tires to quickly produce online user-friendly reports that include high-resolution photos.
The vehicle scans will check vehicle exteriors, undercarriage components and tires to quickly produce online user-friendly reports that include high-resolution photos.
The new digital integration expands and simplifies access to used vehicles for buyers and sellers.
The used-vehicle market faces a challenging year ahead as demand weakens and supply of nearly new vehicles is particularly constrained.
94% of surveyed business leaders view AI as critical to their success over the next five years, and that’s particularly true for auto remarketing.
Average transaction prices (ATP) have been above the average manufacturer’s suggested retail price (MSRP) for more than a year.
After volatile highs and lows during the last three years, the market should hit equilibrium in the second half of 2023.
A lower than normal sales conversion rate indicated December saw buyers with more bargaining power than typically seen for this time of year.
A data partnership between vAuto and Ready Logistics equips dealers to further evaluate a vehicle’s market potential by considering transport costs and time.
After fleet sales ran far below historical averages for the last three years, increases in 2023 won't be close to levels before 2020.
Analysis: In house experts look at recent research, business intelligence, and a wide segment of first-party data to distill some likely trends for the automotive market.
The total supply of unsold used vehicles on dealer lots, both franchised and independents, across the U.S. stood at 2.33 million units at the end of November, about 4% higher than a year ago.
Days’ supply by end of November was 77% higher than at the same time a year ago and the highest since March 2021. While inventory is up from recent levels, it remains low by historical standards.
Higher interest rates are constraining affordability, and the number of potential buyers for used vehicles is declining when comparing 2022 to 2021.
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