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.
Many buyers waiting for the best deals realize now is the time to buy a vehicle before the new Administration's possible policy changes.
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Tight supply in wholesale and retail vehicle markets will support healthy dealer demand through December.
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EV sales may experience some tailwinds, leading to robust activity through the end of the year.
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The average transaction price for new EVs has slightly decreased and used EV prices are nearing parity with those of traditional vehicles.
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Retail used-vehicle sales have also increased for five consecutive weeks, and that should keep dealer demand for wholesale units elevated in the coming weeks.
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Trends indicate that used-vehicle inventory is tighter despite the monthly rise in vehicles listed.
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As the number of new vehicles increases and incentives rise, the auto industry is seeing the highest days’ supply in two years.
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Sales trends may have been affected by business disruptions early in October caused by hurricanes Helene and Milton coming back-to-back.
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But used EV sales demonstrated slower, steady growth, remaining a small part of the market.
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October typically brings the highest monthly depreciation rates for non-seasonally adjusted values of the year.
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