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.
The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
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.
The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
Wholesale used-vehicle prices increased 3.74% in the first 15 days of March compared to the previous month.
Wholesale used vehicle prices jumped 3.79% month-over-month in February, led by a major increase near the month's end.
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