Despite an expected 8.5% year-over-year decline in August volume, Cox Automotive forecasts a 16.3 million SAAR, with full-size pickups outperforming several major crossover segments.
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The average listing price as May closed dipped to $28,312, compared with a revised $28,372 at the end of April.
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May’s CPO sales result is the lowest since February, also down over 22% from May 2021.
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An iSeeCars study found that purple- and red-colored cars hold their value the best in the sedan segment. But would you acquire them for fleet?
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All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
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The average listing price at the end of April was $28,365, surpassing the $28,000 mark for the first time since December 2021.
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Year to date, the total used-vehicle market is on pace to finish down more than 10% from 2021’s 40.6 million total.
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With a lack of used vehicles and rental units returning to market, demand continues to outweigh supply. When will the market come back down to earth?
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The overall used-vehicle market is experiencing a weaker spring than expected
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Combined sales into large rental, commercial and government buyers were up over 4% year over year in April.
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The EV battery analytical firm is attracting investments that will help bring its data gathering and electric usage insights to a wider array of industry clients and partnerships.
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