The vehicle reconditioning executive worked in the automotive auction industry for more than 50 years and was the founder of CARS Recon, Inc.
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A live auction channel connects the auction's online operations in California and enables dealers to buy and sell vehicles in less time.
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PMR provides vehicle values based on millions of wholesale transactions from the Auction Edge national network.
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The market is still seeing higher sales conversion levels with days’ supply down as sales have continued to run above last year’s levels.
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Affordability remains challenging for consumers, and supply is more limited at lower price points.
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The site includes refreshed content to on the latest auction updates, company news, and community initiatives.
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Overall, new EV prices peaked in the summer of 2022, during the last gas price surge, and have since generally declined.
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While some weakening in the market over the Memorial Day weekend is seasonally normal, May saw more market softening in the latter half of the month.
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More used commercial vehicles are being remarketed this year, especially from rental fleets, as fleets replace old vehicles with new ones.
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The latest developments from these companies involve client auctions in Texas, Oklahoma, and Alabama.
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