
Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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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 push to accurately quantify the costs of an EV fleet will depend on line items both fixed and variable, with some yet to be standardized.
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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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In the middle of historic changes, are subscriptions and car sharing the path for mass electric vehicle adoption?
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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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Rising interest rates are taking some potential buyers out of the market.
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Most loan types saw loosening in October, but certified pre-owned loans loosened the most month over month and year over year.
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All eight major market segments saw seasonally adjusted prices that were lower year over year in October.
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The supply issues plaguing automotive are ameliorating month over month, but to varying degrees depending on fleet type.
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