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.
The sales team at the regional auto auction raised $13,500 for a charity that supports families who have children facing life-threatening medical conditions.
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Rising interest rates and low consumer sentiment are keeping many potential buyers out of the market while higher gas and vehicle prices are decreasing affordability.
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The Viper stopped at 34 dealerships across the country on the road to being auctioned off to benefit Girls Inc., Toys for Tots and Boys & Girls Clubs of America
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Merchants will continue to operate independently. The members of the Merchants leadership team will remain in their current roles and will be co-investors in the business.
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Higher interest rates, coupled with high gasoline prices and high vehicle prices, are keeping used sales in Q2 low.
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For the first time, used EV prices are exceeding the consumer price index for all used cars spurring sales and resales, according to the Q3 2022 Used Electric Car Market Report.
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While prices and supply stabilize somewhat, the overall supply is far below historical levels, said Charlie Chesbrough, Cox Automotive senior economist.
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Q2 sales of battery electric vehicles increased to 196,788, a record high and a 13% increase from last quarter.
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The downward trend continues, as June CPO sales were down 1% from May’s sales stats.
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Compared to last month, wholesale used vehicle prices are down 1.3%, but year over year, prices are up 10.7%.
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