Total Used Vehicle Sales Dip Again YOY in August
Tight vehicle inventory continues to vex the auto industry while high prices deter buyers.
Tight vehicle inventory continues to vex the auto industry while high prices deter buyers.
CPO sales are up 12% versus the same time in 2020 and are marginally above the same period in 2019 when a record-high 1,900,589 units were sold.
The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
KAR expects to be immediately profitable across its North American dealer-to-dealer platforms while enhancing its position in the highly fragmented wholesale used vehicle market.
High prices and relatively tight inventory keep more buyers at bay.
The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
CEO Yossi Levi, founder was named winner of the Entrepreneur Of The Year 2021 Greater Philadelphia Award.
The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
Near-record low new-vehicle inventory and record-high prices will keep certified pre-owned units as very attractive alternatives.
On a year-over-year basis, all major market segments saw seasonally adjusted price increases in July.
The digital platform enables consumers to transact 100% online.
The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
As vintage Chevrolet trucks increase in popularity with enthusiasts, more trucks are going up for auction and sale prices for the most coveted trucks keep increasing. As we look back at 100 years of Chevy truck history, here’s a gallery of the nine most expensive Chevrolet trucks sold at Barrett-Jackson auctions to date. Photos courtesy of General Motors.
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