Two colleagues who've worked together many years now take on complementary roles at major auction sites in the South.
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Wholesale used-vehicle prices decreased 2.3% in October from September and were down 4% from a year ago.
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Supply chains have stabilized while market headwinds from high interest rates and high prices are muting sales.
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October’s price decline is eerily similar to last October’s 2.2% drop, and this was not unexpected as the market remains balanced.
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The latest collective figures from the Detroit Big 3 and the Asian Big 6 show a dip in October but sales are still up by a third for the first 10 months of 2023.
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Lauren Baker worked in leadership and client roles with PHH and Element Fleet Management.
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While the UAW strike has slowed output at auto factories nationwide, the fallout has not fully hit consumers in dealer showrooms.
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The enhanced rapid cameras spread across dealer check-in, commercial check-in, and post-reconditioning are designed to capture nearly 1,900 vehicles each day.
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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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