Wholesale Used Vehicle Prices Decline in First Half of July
The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
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.
For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
The pilot program underway at two sites to expand capabilities will provide more vehicle data to clients.
Market watchers had been expecting this slowdown to come earlier in the summer, but deals could still be made. Now there just isn’t enough product available.
Digital transactions have grown tremendously at XLerate over the last five years, and digital is a key component of its omnichannel, go-to-market strategy.
The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
Survey: Car dealers are most optimistic when traffic is good, profits are strong, and when new and used vehicles prices are high.
Auctions, consignors, and transporters can use a new, connected mobile application that helps tighten the chain of custody, ease communication, and create transparency.
The fleet management company's new vehicle remarketing program shortens the needed selling time.
72% of franchised auto dealers surveyed say that finding and hiring the right employees is a challenge.
The Conference of Automotive Remarketing will be among the first wave of in-person events since the start of the pandemic.
The Conference of Automotive Remarketing will feature examples of auction companies that not only survived the decreasing vehicle volumes during the pandemic but expanded their business.
On a year-over-year basis, all major market segments saw seasonally adjusted price increases in April.
The 2016 Conference of Automotive Remarketing (CAR) took place March 16-17 at Caesars Palace, Las Vegas. Now in its 21st year, CAR delivered high-quality discussions and information on subjects ranging from automating the if-bid system to how to maximize auction earnings to a look forward to residual values for 2016-2017. In addition, attendees had plenty of opportunities to network and build their personal and professional connections. Photos by Chris Wolski and Steve Reed.
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