“While declines in used-vehicle values overall were a bit muted in the first half of May, they picked up in the latter half of the month,” saidJeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. “It’s seasonally normal to get some weakening in the market...
During the2023 Cox Automotive Mid-Year Reviewlast month, the Industry Insights team announced that performance in the first half led tomixed revisionsto the vehicle sales and vehicle values forecasts. The Cox Automotive forecast for total used-vehicles sales has been revised down slightly, to a 2%...
The average daily sales conversion rate of 47.5% in the first half of February declined relative to January’s daily average of 49% and is lower than average for this time of year. The latest trends in the key indicators suggest wholesale used-vehicle values will likely see further declines ...
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After a steep decline at the onset of the coronavirus pandemic, wholesale values have snapped back, driving Cox Automotive's Manheim Used Vehicle Value Index to an all-time high.
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This is a running average cost since the item entered inventory. It is considered the most accurate system for real inventory values. The cost is stored as of the time of the invoice receiving. This allows for incredible analytics of invoice cost of goods and profit margins. ...
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