Bill Zadeits’ Post

More insight on wholesale vehicle volumes in 2023 -- and what those volume looked like -- thanks to the latest quarterly data from AutoIMS Remarketing Technology, which we recapped in this story, along with some Cox Automotive Inc. data on wholesale days' supply through first half of January.

If you’re a dealer in New York, New Jersey, or Pennsylvania, it’s time to rethink your wholesale operation. vAuto’s Upside is a game-changing solution that’s already made dealers across the country over $30 million dollars in wholesale profit share. And now it’s coming to the Northeast. See how you can turn wholesaling into a reliable source of revenue, or see if Upside is available in your area: https://bit.ly/3zKeA9n

Two streaks to keep in mind when wholesale vehicle values: The Manheim Used Vehicle Value Index has decreased on a year-over-year basis for 21 consecutive months. And in May, the index fell below 200 for the second straight month, reaching levels not seen since early 2021. More analysis of Cox Automotive Inc. used-car price data here

If you’re a dealer in New York, New Jersey, or Pennsylvania, it’s time to rethink your wholesale operation. vAuto’s Upside is a game-changing solution that’s already made dealers across the country over $30 million dollars in wholesale profit share. And now it’s coming to the Northeast. See how you can turn wholesaling into a reliable source of revenue, or see if Upside is available in your area: https://bit.ly/3zKeA9n

In this industry analysis, we explore the recent trends in the wholesale car market, uncovering the factors behind the surge in prices and sales. Learn why this increase may be misleading and what to expect in the coming months. #WholesaleMarket #CarSalesTrends #AutomotiveIndustry #MarketAnalysis #FalsePositive #CarDealers #SalesInsights #AutoIndustryNews #FinancialTrends #CarMarket

Wholesale Insights: https://lnkd.in/er9qBt8h The first week of 2024 is now in the books, with not a big change in how we finished 2023. We did see more attendees at the auction later in the week but still saw more If’s and no-sales in the lanes overall. Wholesale prices are still all over the place, sending mixed signals to both buyers and sellers who seem not quite sure what is going on with the current market. We did see a small uptick in the auction conversion rate this week, is this our first positive sign for 2024? The estimated Average Weekly Sales Rate improved slightly to 49% during the first week of the year. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

Wholesale Insights: https://lnkd.in/epw9PFjF One month into 2024 and the wholesale market continues to show more stability. Less depreciation in both car and truck segments in January compared to December. All indicators show this trend will continue in February and we should see more improvement in the market in the days to come. Auction conversion and inventory remained stable this week, another positive sign. The estimated Average Weekly Sales Rate was table at 55%. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

Wholesale Insights: https://lnkd.in/eYu-kWxS With the first week in April in the books, The continued upward trend in wholesale prices suggests that demand remains strong, keeping prices high. The decline in auction conversion rates, which signifies a lower percentage of vehicles being sold at auctions, could imply that the demand may be starting to soften or that buyers are becoming more selective, likely due to the higher prices commanded in recent weeks. #WholesaleInsights #Data #Analytics #Cars #Automotive #Auto #AutomotiveIndustry

Cox Automotive is reporting that used vehicle retail sales volumes were up 5% in January compared to December 2023,  even with volumes down 3% from last year. Certified pre-owned (CPO) sales declined 12% from December to January but were flat year over year. According to the Manheim Used Vehicle Value Index, wholesale vehicle values were unchanged in January on a seasonally adjusted basis. #DTSNews #DealerTrainingSource #LarryPickett #preowned #preownedvehicles #preownedcars

Cox Automotive is reporting that used vehicle retail sales volumes were up 5% in January compared to December 2023, even with volumes down 3% from last year. Certified pre-owned (CPO) sales declined 12% from December to January but were flat year over year. According to the Manheim Used Vehicle Value Index, wholesale vehicle values were unchanged in January on a seasonally adjusted basis. #DTSNews #DealerTrainingSource #LarryPickett #preowned #preownedvehicles #preownedcars