Used vehicle market stabilizes; electric vehicles sales keep soaring; the latest auction acquisitions; new vehicles supply making a comeback.
 

REPORTER

Maintaining the trend from October, all eight major market segments saw seasonally adjusted...

Wholesale Used Vehicle Prices Inch Up This Month

Declines in Manheim Market Report prices, days' supply, and average daily sales conversion rates are following typical patterns for November.

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SAAR is estimated to have finished near 35 million, down from last October’s 40.7 million.

Used Vehicle Sales Down 14% YOY in October

Rising interest rates are taking some potential buyers out of the market.

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The average listing price was $27,564 at the end of October, down from the revised $28,266 at...

Average Used-Vehicle Asking Price Lowest Since April

Days’ supply in October was 26% above year-ago levels. Used-vehicle inventory has been holding at about this level since mid-January.

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IAA sells lightly damaged, salvage and clear-title vehicles, parts cars, SUVs, trucks,...

Ritchie Bros. Auctioneers Acquires IAA to Expand Global Marketplace

The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.

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Pure EVs on the most-shopped electrified-vehicle list include the popular new Ford F-150...

EV Sales Soar in Q3, Steadying Electrified Market Overall

EV sales jumped by 68% year over year in Q, and for the first time, EV sales in the U.S. nearly equaled hybrid sales.

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Members of the Wolfe family (L to R): Cynthia Wolfe, Susan Wolfe, Tony Wolfe, Jeff Wolfe and Dan...

Great Lakes Auto Auction Acquires Wolfe's South Bend Auto Auction

The longtime family-owned auction group that spans four generations of the Wolfe family is shedding one operation to focus on its two others in Indiana.

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The affordability index from Cox/Moody's hit another peak, with monthly payments averaging a...

New-Vehicle Monthly Payment Hits Another Record High

Higher rates are already shifting access to vehicles and financing towards wealthier consumers as overall affordability declines.

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Asian non-luxury brands and Japanese and European luxury brands continue to have the lowest...

Most Brands See New Vehicle Supply Rebound

Days’ supply climbed to 49, the highest since May 2021. The question now is: Will demand keep up with supply?

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Year to date, CPO sales are down over 335,000 units, or 14.1%, and Cox Automotive expects them...

CPO Sales Nudge Up, Remain On Track to Hit Target

Most loan types saw loosening in October, but certified pre-owned loans loosened the most month over month and year over year.

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