AI has already evolved into a must-have tool for remarketers to work with greater clarity, make faster decisions, and run smarter digital marketplaces and business operations.
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The service enables used EV sellers to receive firm offers in under an hour, and expands dealer access to EV inventory.
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Wholesale appreciation trends have been more volatile over Q2 as tariffs affected new sales and supply, and the used marketplace.
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A mixed sales bag included gains at dealer auctions from trade-ins, a spike in used EV sales, and a spurt in 1–2-year-old vehicles from rental fleets.
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While the market digests the impact of tariffs, it could see slightly higher levels of wholesale depreciation over the summer.
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Moving electric vehicles through consignor and auction channels requires a better understanding of their unique attributes and potential.
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Auctions in April saw spikes in sales of 1–2-year-old vehicles, off-rental vehicles, and consumer trade-ins.
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Consumer confidence plunges worse than expected across leading indexes after tariffs and added import duties seep into automotive markets.
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Meanwhile, off-rental units spike commercial vehicle sales by 40% year-over-year.
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The tariff announcements have spurred activity that suggests the wholesale market will see a sizeable increase in the Manheim Index in April.
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