Wholesale Used Vehicle Prices Turn Down in September
All major vehicle market segments experienced seasonally adjusted prices that were down year over year in September, although declines in recent months have slowed.
All major vehicle market segments experienced seasonally adjusted prices that were down year over year in September, although declines in recent months have slowed.
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September numbers point to either declines or tepid growth across the commercial, rental, and government fleet sectors.
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Used vehicle sales increased during August to the highest level since October 2021, but U.S. auto dealers still see the current used-vehicle market as poor.
Lower than normal depreciation trends are driving the used wholesale vehicle industry so far this month.
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The Tesla Model 3, Kia Niro EV, Maserati Levante, Nissan Leaf, Hyundai Kona Electric, and Chevrolet Bolt saw the biggest used vehicle price drops over the past year
The expanded service provides auto dealers with faster access to pricing and market data when making informed wholesale buying and selling decisions.
Sales conversion continued to rise and held at much higher levels than prior years for the month as more buyers came to markets to replenish supply for used retail inventory.
Monthly and year-to-date vehicles sales at auctions reflect strong commercial sales growth this year.
Figures show a continued slowdown in total commercial, rental, and government vehicle sales as year-to-date sales dip below last year.
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