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.

Two perspectives on the current automotive wholesale marketplace. Values have dipped, but still at higher levels. https://bit.ly/3MO32pf #lehighvalleyAA #autoauction #wholesaleautoauction #publicautoauction #naaa #usedcardealer #bhph #blackbook #coxauto

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

How are wholesale vehicle values behaving in late fall '23 and where might they go in '24? Find out more in this story, which includes analysis via respective price indices from Black Book and Cox Automotive Inc.'s Manheim

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

Used car wholesale prices continue to drop at a record pace. This will eventually carryover to the retail side but with a slight lag. Many Americans are finding themselves stuck with a vehicle that is upside down —- having negative equity. Call us to discuss options. #Howtogivebackcar #Redeemforvalue

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

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

Recent analyses from Black Book have indicated modest upward trends in the market. This observation aligns with expectations, as the period around Presidents Day often coincides with the peak of IRS activity, traditionally leading to an uptick in customer traffic. The Automotive Advisor Team has proactively engaged with numerous clients since the beginning of the year, emphasizing this forecast. It is crucial to approach this season with strategic foresight and calculated courage. There exists a brief yet opportune window for dealerships to align their operations and inventory to leverage the anticipated increase in demand. It's imperative to understand that the focus should not solely be on stock quantity but rather on curating the right mix of inventory to meet market demands effectively. This strategic preparation is essential for optimizing performance and capitalizing on the seasonal opportunities ahead. As always, our team is here to support your dealership in navigating these trends and preparing for success. John Ellis David Long Durran Cage The Automotive Advisor Team

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