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.
As April opened, the total supply of new vehicles on dealer lots across the U.S. was down 10%+ and counting with days' supply down to 10.
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The online auction platform surpasses $15 million in used EV volume sold as the market faces an influx of off-lease vehicles.
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The tariff announcements have spurred activity that suggests the wholesale market will see a sizeable increase in the Manheim Index in April.
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More than $105,000 was raised to provide recreational opportunities for young people with disabilities.
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Analysis: Experts from Cox Automotive say in the near term, after a short surge in buying, vehicle sales will likely fall amid price increases, and OEMs may eliminate some models if tariffs persist.
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Pricing trends showed a decrease in new EV transaction prices, aided by incentives, making them more affordable, while used EV prices increased slightly.
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NAAA member auctions hit 7.6 million sales in 2024 as volume growth offset lower prices for a $105 billion total sales value.
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Uncertainties in policy changes are creating challenges for automakers as they await further information.
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Dealer-, commercial-, and fleet-related wholesale used vehicles under three years all showed healthy double-digit yearly percentage gains.
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Manheim Market Report (MMR) values saw some volatility but ended with stronger price appreciation in the last week of the month, with values rising 0.2% in the last week alone.
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