The company's second quarterly report in a row highlights key aggregate metrics for the auction industry.
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There was a significant drop in sold volume (both month-over-month, and year-over-year) in wholesale channels from September to November of 2020.
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The amount of vehicles in auction that are 5 years old or newer increased 0.3% year-over-year in June, according to J.D. Power's July 2019 Used Car and Light Truck Guidelines.
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All vehicle segments, except for large utility vehicles experienced a decline in auction volume through the month, the report added.
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Auction volume was down 2.3% year-over-year for units up to five years old, and on a month-over-month basis, volume was down 16.3%, according to J.D. Power’s July Used Car and Light Truck Guidelines.
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Wholesale prices for used vehicles up to 8 years old fell 1.7% month-over-month in May, a level that’s typical for this time of year, according to J.D. Power’s June Used Car and Light Truck Guidelines. Auction volume up 12% month-over-month, 2.6% year-over-year.
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