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.
A live auction channel connects the auction's online operations in California and enables dealers to buy and sell vehicles in less time.
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PMR provides vehicle values based on millions of wholesale transactions from the Auction Edge national network.
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The market is still seeing higher sales conversion levels with days’ supply down as sales have continued to run above last year’s levels.
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Affordability remains challenging for consumers, and supply is more limited at lower price points.
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The site includes refreshed content to on the latest auction updates, company news, and community initiatives.
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While some weakening in the market over the Memorial Day weekend is seasonally normal, May saw more market softening in the latter half of the month.
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The tool allows sellers to indicate they are committed to selling a vehicle that same day, and buyers can spot ready deals.
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The 57-year-old operation plans to build its network and broaden its reach to more new and used car dealers as well as regional and national commercial accounts.
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The total U.S. supply of available unsold new vehicles opened May at 51% above a year ago, but volume is still down 26% from 2019 levels.
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The average used-vehicle listing price was $25,571, up slightly from the revised $25,536 at the start of April but down 6% from a year earlier.
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