All eight major vehicle market segments saw seasonally adjusted prices that were lower year over year in January.
A recent auction industry quarterly report shows a mix of up and down indicators that add up to more market balance.
The vehicle scans will check vehicle exteriors, undercarriage components and tires to quickly produce online user-friendly reports that include high-resolution photos.
The used-vehicle market faces a challenging year ahead as demand weakens and supply of nearly new vehicles is particularly constrained.
All eight major market segments again saw seasonally adjusted prices that were lower year over year last month, with compact cars showing the smallest decline.
Declines in Manheim Market Report prices, days' supply, and average daily sales conversion rates are following typical patterns for November.
All eight major market segments saw seasonally adjusted prices that were lower year over year in October.
TradeRev chooses one of its co-founders who brings deep experience in the retail and wholesale sides of the automotive marketplace.
Combined sales into large rental, commercial, and government buyers were down 36% year over year in January. Sales into rental declined 61% YOY, sales into commercial increased 4% YOY, and sales into government declined 23%.
As was the case in each of the last prior months, much of the reported increase was a result of the seasonal adjustment.
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