Almost all major market segments saw seasonally adjusted prices that were again lower year over year in the first half of October.
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Total 2023 EV sales will likely surpass the milestone one million mark next month as the electric vehicle market transforms due to more product and supply and downward pricing pressure.
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The recent biannual ceremony celebrated 30 students who spent two years immersed in a rigorous professional development program.
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The overall used-vehicle inventory volume is still considered limited and has been stuck in the 2.2 million to 2.3 million range for the past four months.
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September auction sales bolstered prices through the channel, but wholesale is at a crossroads, mainly from concerns about the UAW strike possibly slowing new retail sales and moving buyers into the used market.
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The fourth quarter should bring stable pricing among buyers and sellers, which should reflect only modest changes between now and the end of the year.
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Since the labor actions started Sept. 15, the U.S. has ample inventory for now from the Detroit automakers that should keep steady supply through the end of the month. The all-important Ford F-150 had 97 days of supply at the start of October.
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The auction group held an annual back-to-school campaign via dunk tanks, ice bucket challenges, etc., along with donations from clients.
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Car, truck, and SUV sales from nine automakers into large rental, commercial, and government fleets increased 26% in September compared to the previous year.
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National auction executive and NAAA mover Charlotte Pyle takes the titles of icon and hall of famer for her lengthy career of achievement and service.
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