Wholesale Used-Vehicle Prices Increase in First Half of May
Wholesale flattens mid-month, while used retail vehicle sales rose slightly but are still down compared to last year.
Wholesale flattens mid-month, while used retail vehicle sales rose slightly but are still down compared to last year.
Used-vehicle sales in the period were up more than 5% year over year, in line with spring fever and the tax refund season.
The Conference of Automotive Remarketing drew a professional crowd that networked for business and cultivated industry friendships.
This was the first time the Manheim Market Report index reading has been under 200 since March 2021, illustrating the outsized moves in the index over the last three years.
CAR 2024: The latest analysis from the National Auto Auction Association shows a stabilizing auction sector moving faster but still a long way from pre-pandemic years.
The arrangement will help the five-lane auction develop business and expand further into the national vehicle consignor market.
The Q1 2024 decline in electric vehicle sales was the first quarter-over-quarter downturn since Q2 2020.
CAR 2024: Unlike a combustion engine, an EVs long-term value is maintained daily, based on the unique charging habits and battery management of its owner.
The 2024 Remarketer of the Year and Consignor of the Year bring resumes full of enterprise and experience.
A list of “R-words” captures the intent behind the alliance’s first new name and look since it was founded in 2001.
Fleet/lease sales were responsible for the increase in auction volume in the first quarter as dealer sales fell 5.4% YOY and fleet/lease sales rose nearly 29%.
The charity events included more than 2,000 classic, specialty, and exotic vehicles that raised $86,000 to provide recreational opportunities.
The average daily sales conversion rate increased to 62.5%, showing that demand improved relative to February.
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