As predicted:
Wholesale Used Car prices DECLINED 1.5% in the first 15 days of February.
This is ONLY the beginning 👇
Wholesale Used Car prices DECLINED 1.5% in the first 15 days of February.
This is ONLY the beginning 👇
According to Manheim:
"The latest trends in the key indicators suggest wholesale used-vehicle values will likely see FURTHER declines in the second half of the month."
(Source: Manheim Used Car Index)
"The latest trends in the key indicators suggest wholesale used-vehicle values will likely see FURTHER declines in the second half of the month."
(Source: Manheim Used Car Index)
Called this in January… Follow me @GuyDealership for more insights
https://twitter.com/GuyDealership/status/1481396921566699530
Worth noting that there have been lots of “No sales” at auctions recently.
“No sale” is when a dealer doesn’t get the wholesale price they want for a car and chooses not to sell it.
If these cars were to be sold, the market index would be even LOWER.
Anecdotal, but still.
“No sale” is when a dealer doesn’t get the wholesale price they want for a car and chooses not to sell it.
If these cars were to be sold, the market index would be even LOWER.
Anecdotal, but still.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
