How Do You Make a High-Mileage Car Desirable to Buy?
CAR 2024: The IARA brings together a panel to address one of the biggest challenges for consignors.
CAR 2024: The IARA brings together a panel to address one of the biggest challenges for consignors.
Four years after COVID emerged, vehicle prices are easing down amid some supply kinks, electric vehicle uncertainty, rising operational costs, and AI potential.
The industry's first EV-specific valuation algorithm includes proprietary analytics from 100 million real-world EV battery data points.
For the full year, Cox Automotive estimates sales for used retail were down about 3%, curtailed by a constrained supply of newly used vehicles in the market.
All major vehicle segments saw price declines compared to last month, with most categories exceeding the average industry decline.
In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.
Manheim expects constrained growth with a volume increase of less than 1% in 2024, indicating a return to a more normal market.
Cox Automotive welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.
Wholesale supply ended November at 30 days, up one day from the end of October and flat year over year.
While the used vehicle market is not fully back to normal, it shows signs of more stability and balance.
Analysts are expecting a measured movement through December and the year, which should reach the January forecast for a 4% year-over-year decline.
A third quarter report from AutoIMS comes amid the outside pressures of inflation and the United Auto Workers strike.
The recent Fleet Forward Conference presented updates to the fleet, used vehicle, and electric vehicle supply and demand.
The latest numbers add up to a gutpunch for the resale values of used electric vehicles as the early adopter market for EVs taps out and mainstream vehicle buyers remain cautious.
Over the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 1.9%, which was more than the normal decline of 1% for the time of year.
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