Used-Vehicle Prices Average Just Under $27,000
But days’ supply climbed to 43 in September, the highest it has been in months, on higher inventory and slower sales.
But days’ supply climbed to 43 in September, the highest it has been in months, on higher inventory and slower sales.
The deal builds on KAR's growth in the dealer-to-dealer segment, enhances its profile in the fragmented wholesale used vehicle market, and accelerates the company’s overall move to digital auction marketplaces.
The online product simulates the competitive live auction environment in a fully digitized, highly automated, live streaming format.
The data is available by subscription on the autoniq app and showcases information on similar year, make, and model vehicles sold at auction.
Manheim Market Report (MMR) prices saw strong gains through the first two full weeks of October. The latest trends in the key indicators suggest wholesale used vehicle values will likely see further gains in the days ahead.
The growth of electrified vehicle sales in the U.S. is a result of more product availability and wider consumer acceptance.
Double whammy: New-vehicle inventory falls below 1 million units in September while the average new vehicle price tops $45,000 for the first time.
The seasonally adjusted annual rate (SAAR) of sales declined to 35.7 million, down from 40.9 million in September 2020.
The purchase will enable the auction company to solidify its market positions and further scale in this industry through strategic investments in technology and other avenues for growth.
The auction company has created infrastructure as part of its electrification plans for service and support of electric vehicles for clients.
With high prices and fast sales, dealers are selling cars before they get a chance to pull them into their shops to recondition them up to full CPO standards.
Darren Kemper will leverage Black Widow's recent cash infusion to scale operations and expand growth channels.
T.J. Reed lands back at Daimler Trucks North America to head up its used-truck business.
All major market segments saw seasonally adjusted wholesale price increases in September, while sales into fleets were down 21% year over year in September.
The agreement with Cox gives ELMS customers access to more than 6,000 service centers, 3,000 partner locations and 800 mobile technicians nationwide.
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