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.
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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The luxury vehicle share sold increased to above 18% of total sales, lifting overall industry ATP, while non-luxury vehicle buyers on average paid more than $500 above sticker price.
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All eight major market segments again saw seasonally adjusted prices that were lower year over year last month, with compact cars showing the smallest decline.
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GM has overtaken Ford as the leader in the commercial channel, Ford remains on top in government fleet sales, while Stellantis’ share dropped.
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Three of Cox's companies are partnering up to help navigate the challenges of finding more vehicles in a constricted market.
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Executive vice president Chuck Tapp will replace the longtime remarketing industry executive who last year oversaw the merger of XLerate Group and America’s Auto Auction.
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Declines in Manheim Market Report prices, days' supply, and average daily sales conversion rates are following typical patterns for November.
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Days’ supply in October was 26% above year-ago levels. Used-vehicle inventory has been holding at about this level since mid-January.
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The longtime family-owned auction group that spans four generations of the Wolfe family is shedding one operation to focus on its two others in Indiana.
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Days’ supply climbed to 49, the highest since May 2021. The question now is: Will demand keep up with supply?
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