Conditions have shifted to favoring buyers, but with tight supply, the market is not far from being balanced between buyers and sellers.
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A widespread auction data report points to the key question of: will the overall upside market last?
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CAR 2023: What happens when you put four remarketing economists and analysts in one room? Lots of data, predictions, trends, and uncertainty.
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All eight major vehicle market segments saw seasonally adjusted prices that were lower year over year in January.
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A recent auction industry quarterly report shows a mix of up and down indicators that add up to more market balance.
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The vehicle scans will check vehicle exteriors, undercarriage components and tires to quickly produce online user-friendly reports that include high-resolution photos.
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The used-vehicle market faces a challenging year ahead as demand weakens and supply of nearly new vehicles is particularly constrained.
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All eight major market segments again saw seasonally adjusted prices that were lower year over year last month, with compact cars showing the smallest decline.
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Declines in Manheim Market Report prices, days' supply, and average daily sales conversion rates are following typical patterns for November.
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All eight major market segments saw seasonally adjusted prices that were lower year over year in October.
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