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Auctions received vehicles from a more diverse stream of sources in the last quarter as data could be signaling some inflection points in the market.
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Rising interest rates and low consumer sentiment are keeping many potential buyers out of the market while higher gas and vehicle prices are decreasing affordability.
Read More →ANALYSIS: Used cars will no longer contribute to inflation. They should be a source of deflation in the months ahead.
Read More →For the first time, used EV prices are exceeding the consumer price index for all used cars spurring sales and resales, according to the Q3 2022 Used Electric Car Market Report.
Read More →While prices and supply stabilize somewhat, the overall supply is far below historical levels, said Charlie Chesbrough, Cox Automotive senior economist.
Read More →The downward trend continues, as June CPO sales were down 1% from May’s sales stats.
Read More →Compared to last month, wholesale used vehicle prices are down 1.3%, but year over year, prices are up 10.7%.
Read More →The typical monthly payment hits a record of $712.
Read More →May’s CPO sales result is the lowest since February, also down over 22% from May 2021.
Read More →The average price paid for a new vehicle in the U.S. last month was the second-highest on record, behind only December 2021, when average transaction prices reached $47,202.
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