During the first 15 days of December, the Manheim Used Vehicle Value Index hit 239.8, a 49% increase from December 2020.
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Available inventory edged slightly higher but remain below normal.
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At a time when middle-age and senior job seekers increasingly face workplace ageism, the auction operation shows an excellent record for hiring age 55+ employees.
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One of the biggest changes to come out of the second year of the COVID-19 pandemic is dealers directly wholesaling from their lots.
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With record-high prices, low incentives, and a higher interest rate, the estimated typical monthly payment increased to a new record high at $687, which was up 20.7% year over year.
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Despite constrained inventory, the used-vehicle market has been playing a key role in the automotive industry recovery.
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A larger mix of SUVs and pickups helped drive up prices in November, but November was also the sixth straight month of sales volume declines.
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As brokers transport more vehicles longer distances, new integration with BATS CRM will make it easier for clients to post and track loads.
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Billed as the first of its kind, enterprise IoT innovation delivered by CoreKinect and Comcast’s MachineQ will help customers and employees locate vehicles faster at ADESA’s 70+ locations.
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Wholesale prices appear to have peaked the week before Thanksgiving as weekly prices have declined slightly in each of the last two weeks. But retail prices continue to increase.
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