Used Vehicle Supply Edges Higher
The average listing price of about $27,000 is running 25% above year-ago levels and 38% over pre-pandemic 2019 levels.
The average listing price of about $27,000 is running 25% above year-ago levels and 38% over pre-pandemic 2019 levels.
New-vehicle inventory levels are still 63% lower than a year ago while the average transaction price hit another record.
Meanwhile, used supply normalizes, rental risk pricing declines, and auto loan performance deteriorates.
All-new Purchases Page Brings greater speed, simplification and centralization to buying on ADESA.
CarNow allows dealers to view and serve shoppers in “real-time” as they engage with a dealer’s virtual or physical showroom.
October figures show buyers are much more aggressive in purchasing than is typically the case in the fall. Combined sales into large rental, commercial, and government buyers were down 24% year-over-year in October.
But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
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The Pipeline Market Report is the industry's first information tool driven solely by independent auction sale data, encompassing near real time results from 175+ partner operations.
The technology showcases how specifically tailored repairs and enhancements will improve a vehicle's grade, speeding up its readiness for the front line.
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The latest quarterly report from AutoIMS underscores the trends steering the remarketing and auction industries.
But days’ supply climbed to 43 in September, the highest it has been in months, on higher inventory and slower sales.
The data is available by subscription on the autoniq app and showcases information on similar year, make, and model vehicles sold at auction.
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