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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Commercial vehicles running through auction channels are driving most of this year’s sales growth.
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Tight supply in wholesale and retail vehicle markets will support healthy dealer demand through December.
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The average transaction price for new EVs has slightly decreased and used EV prices are nearing parity with those of traditional vehicles.
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Retail used-vehicle sales have also increased for five consecutive weeks, and that should keep dealer demand for wholesale units elevated in the coming weeks.
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Trends indicate that used-vehicle inventory is tighter despite the monthly rise in vehicles listed.
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Sales trends may have been affected by business disruptions early in October caused by hurricanes Helene and Milton coming back-to-back.
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But used EV sales demonstrated slower, steady growth, remaining a small part of the market.
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Despite a flattening curve due to fewer off-lease vehicles coming into channels, commercial sales rank highest in volume increases since 2023.
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Use these five strategies to motivate drivers to care for their vehicles. Have you thought about asking your drivers to submit photos of their vehicles once per year?
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October typically brings the highest monthly depreciation rates for non-seasonally adjusted values of the year.
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