The scorching hot used car market may finally be cooling off

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

For months, used car prices have been soaring at an unprecedented rate. But two new reports indicate that things may be starting to cool 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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: MarketWatch - 🏆 3. / 97 Läs mer »