News
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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The key metrics of the used vehicle market are either slightly down or barely up, but affordability remains a challenge.
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While the market digests the impact of tariffs, it could see slightly higher levels of wholesale depreciation over the summer.
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With the Court of Appeals temporarily restoring 25% Tariffs, costs, supply chains, and the policy landscape remain uncertain.
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April figures show an electric vehicle market facing several challenges that reflect broader economic trends.
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Moving electric vehicles through consignor and auction channels requires a better understanding of their unique attributes and potential.
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As the effects of the “spring bounce” and initial pull ahead from tariffs diminished, sales decreased in April.
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Auctions in April saw spikes in sales of 1–2-year-old vehicles, off-rental vehicles, and consumer trade-ins.
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Consumer confidence plunges worse than expected across leading indexes after tariffs and added import duties seep into automotive markets.
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With over 70 models available, competition in the EV market is fierce. The new EV price premium over ICE+ vehicles increased to $12,229, the highest in two years.
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Meanwhile, off-rental units spike commercial vehicle sales by 40% year-over-year.
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