The last several months have closely followed 2019 levels, the last normal year, which means dealers are balancing their inventory to the sales rate and keeping days’ supply steady even as total supply improves.
Conditions have shifted to favoring buyers, but with tight supply, the market is not far from being balanced between buyers and sellers.
Finding the right product at the right price is more challenging for used vehicle buyers today, amid higher interest rates and recession fears.
The renaming caps an evolving strategy for consolidating online and digital auction marketplaces into a more streamlined whole that speeds up vehicle transactions.
Pressures assailing the wholesale used-vehicle market are affecting the important “days-to-sales” figures, a source of depreciation losses.
CAR 2023: This big picture spanning OEMs, suppliers and vehicle markets will help inform business strategies that involve the macro-trends redefining the industry.
The new technology evaluates each electric vehicle and provides VIN-specific information, which is vital in capturing accurate information about the health of the battery.
The financial risks and setbacks are piling up for the online used car retailer that gobbled up ADESA auctions last year in a deal wracked with massive debt.
Analysis: Starting in 2023, the effects of the pandemic-driven slowdown and the changes in leasing will affect the used-vehicle supply by mid-decade.
Compared to last month, wholesale used vehicle prices are down 1.3%, but year over year, prices are up 10.7%.
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