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Commercial vehicles running through auction channels are driving most of this year’s sales growth.
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Tight supply in wholesale and retail vehicle markets will support healthy dealer demand through December.
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Retail used-vehicle sales have also increased for five consecutive weeks, and that should keep dealer demand for wholesale units elevated in the coming weeks.
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Commercial vehicles, electric vehicles, and late model used vehicles all show strong double-digit volume increases.
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Sales trends may have been affected by business disruptions early in October caused by hurricanes Helene and Milton coming back-to-back.
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October typically brings the highest monthly depreciation rates for non-seasonally adjusted values of the year.
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All major vehicle market segments experienced seasonally adjusted prices that were down year over year in September, although declines in recent months have slowed.
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2024 ARA Summer Roundtable: Remarketing industry economists probed automotive sales trends in a recovering but variable marketplace.
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Lower than normal depreciation trends are driving the used wholesale vehicle industry so far this month.
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The expanded service provides auto dealers with faster access to pricing and market data when making informed wholesale buying and selling decisions.
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