Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
News/Media Release
Staff
Staff
Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
The latest numbers on sales, days' supply, and average transaction prices show a growing EV market at the end of 2024.
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Leaders with more than 130 years of combined Manheim experience are starting new positions in managing auction operations around the U.S.
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The acquisition enhances operations and simplifies processes for auctions, and dealers in the digital space.
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The market moves reflect an ideal blend of improved consumer sentiment, bigger discounts, and evident optimism in the market.
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Lower interest rates, more incentives, and increased incomes could not offset the effects of higher prices, which drove down affordability.
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Domestic sales of EVs benefitted from strong incentives from the automakers, excellent lease deals, and federal and state incentive programs.
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Analysis: It appears the period of used-vehicle price correction is over with the market coming down from pandemic peaks.
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Wholesale values declined slightly more than usual at year-end, but it was still the most normal year for depreciation trends since 2020.
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Used-vehicle sales were seasonally stronger than normal last month and higher year over year by 13%.
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Used EV sales rose a whopping 63% so far year over year, while new EV sales increased about 14%.
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