High prices and relatively tight inventory keep more buyers at bay.
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The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
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Tight new-vehicle supply puts upward pressure on new-vehicle transaction prices. Affordability hits 10-year low in July.
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Maria Acuna, the comptroller at Big Valley Auto Auction where she had worked 13 years, passed away on Aug. 14 at age 47.
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CEO Yossi Levi, founder was named winner of the Entrepreneur Of The Year 2021 Greater Philadelphia Award.
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The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
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The conference will be the alliance’s first in-person event in two years and presents an active agenda for a changing industry.
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The new inspection solution provides a more efficient process for clients to assess a vehicle’s exact condition before making listing and buying decisions.
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Near-record low new-vehicle inventory and record-high prices will keep certified pre-owned units as very attractive alternatives.
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As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
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