News/Media Release
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.
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.
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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The decreases appear in a market where days' supply and listing prices are rising.
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Electric vehicle sales also mark another record in Q3, thanks to higher incentives and more choices.
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The marketplace exclusively lists thousands of front-line-ready vehicles from fleet providers affiliated with J.D. Power, as well as inventory from dealerships, leasing, and car rental companies.
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All major vehicle market segments experienced seasonally adjusted prices that were down year over year in September, although declines in recent months have slowed.
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The scholarship will cover the tuition cost for a two-year program student at Auction Academy, a continuing education resource and credential for remarketing professionals.
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