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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.
Read More →The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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Wholesale values remain elevated against normal depreciation trends, even with declines in September, and right as tax incentives on EVs end.
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Consumers are buying up electric vehicles ahead of the Inflation Reduction Act’s tax credit expiration amid strong demand and tight inventory.
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The used market especially benefits from consumers seeking more affordable alternatives than those offered in the new car segment.
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The refocused subsidiary now applies technologies to improve inspections for OEMs, dealers, rental car companies, fleet operators
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Commercial vehicle sales stood out in August due in part to more rental fleet vehicles coming through auto auctions.
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Changes in wholesale values have defied gravity this year, as the industry sees lower used-vehicle inventory levels and increased consumer demand for affordable vehicles
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A new council is giving fleets a louder voice in remarketing. See how you can get involved.
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EV sales surged in July as buyers moved quickly ahead of the tax credit deadline, with new and used markets showing strong growth and prices adjusting to meet demand.
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Demand remains strong as affordability challenges in the new market push consumers towards used options, with the market also benefiting from lowering credit rates and improved credit access.
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Wholesale appreciation trends have continued to be a bit more volatile this year as tariffs have stirred demand in used markets for customers worried about price increases.
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