The industry overall is seeing a strengthening trend in wholesale used vehicle market values.
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Retail used-vehicle prices have been consistently lower through the first seven months of 2024 compared to year-ago levels.
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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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The CDK outage at dealerships has disrupted sales reporting amid a monthly decline.
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Monthly YOY and year-to-date sales point to a commercial fleet sector moving more vehicles into remarketing channels during the last six-plus months.
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Sales conversion is running several points above the previous three years, including 2021, indicating that buyer demand is relatively strong despite all the uncertainty in the market.
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Shoppers will no longer pay a premium for electric vehicles and consider electric powertrains a detractor, making them less desirable, iSeeCars study shows.
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Affordability remains challenging for consumers, and supply is more limited at lower price points.
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The tool allows sellers to indicate they are committed to selling a vehicle that same day, and buyers can spot ready deals.
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The average used-vehicle listing price was $25,571, up slightly from the revised $25,536 at the start of April but down 6% from a year earlier.
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