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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Sales conversion continued to rise and held at much higher levels than prior years for the month as more buyers came to markets to replenish supply for used retail inventory.
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The industry overall is seeing a strengthening trend in wholesale used vehicle market values.
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2021 MY off-lease vehicles are flowing into the market but will ease for the rest of this year reflecting the slower sales and leasing pace of late 2021.
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