“Average wholesale used-vehicle prices fell modestly to below $15,000 in June 2021, after reaching that threshold for the first time in May, and this moderation continued into July,” reported Tom Kontos, chief economist for KAR Auction Services. “Sales have clearly cooled off from the fre...
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Wholesale prices of used vehicles rose slightly overall last month from June, but auction prices of big pickups and SUVs remained far below last year's levels. Slumping vehicle sales and a weak U.S. economy will continue to depress prices of used cars and trucks, the nation's two largest...
FOR DEALERS:Improve Profit, No Auction Fees, higher sell rate Bid Sale and Lane Sale Dealers holding their own auto auctions pay zero sellers fees & don't have to ship the cars. They reduce liability, travel, theft & fraud. Dealers save an average of $228,800 per year. Dealer auctions...
The average price for rental risk units sold at auction in October declined just 0.7% year over year. Rental risk prices decreased by 0.7% compared to September. Average mileage for rental risk units in October (at 52,500 miles) rose 6.2% for the month against last year’s level. For th...
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Wholesale cars are the vehicles a dealer purchases from a manufacturer or at auction. Then, that same dealer marks up the price of the car and sells it to the public. To get your best price on any new or used car, you want to attempt to purchase it at wholesale prices. ...
On a year-over-year basis, all major market segments saw seasonally adjusted price increases in October. Pickup trucks and luxury cars outperformed the overall market, while most other major segments underperformed the overall market. Total used vehicle sales volume was down 5...