The scorching hot used car market may finally be cooling off

But two new reports indicate that things may be starting to cool off. Wholesale used car prices -- what car dealers pay for the cars they sell to customers -- fell in the first two weeks of July, while used vehicle inventories at dealerships increased, according to Cox Automotive.

But, in the first weeks of July, prices dropped 1.7% compared to the month before.These price comparisons are statistically adjusted for the differing mix of vehicles sold and for normal seasonal fluctuations, according to Cox."The latest trends in the key indicators suggest wholesale used vehicle values will continue to see a similar amount of depreciation in the days ahead," the report said.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Mister Car Wash on track to double market share from about 5% as loyalty program gives it a competitive edge, analysts sayMister Car Wash, the only pure-play car wash company on public markets after an initial public offering in late June, is expected to easily grow market share, thanks to a strong loyalty program and low costs, analysts said Tuesday. horrible
La source: MarketWatch - 🏆 3. / 97 Lire la suite »