Prices in all vehicle market classes dive by double-digit teen percentages with electric vehicles down the most by 19% compared to March 2023.
Plug is an online used EV wholesale marketplace to facilitate the buying and selling of used EVs among dealers.
Hurricane damage, high interest rates, softening used values, and a slowing economy will all have some effect on the coming used vehicle market. The greater issue is even lower sales — as the historic decline in the lease return rate from 2022 meets up with a big drop in lease maturities and lower dealer consignments.
KAR Global launched a new set of interactive dashboards that display retail and wholesale trends from across the remarketing ecosystem.
Online remarketing has been a growing trend for the past few years and it promises to continue. As more remarketers are selling and buying wholesale vehicles online, some new trends have emerged.
After several weeks of accelerated depreciation, this week's Black Book Market Insights report shows more stable wholesale values.
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