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June represented the steepest month-over-month drop in wholesale vehicle prices since the early days of the COVID-19 pandemic, according to the Manheim Used Vehicle Value Index report released Monday. Cox Automotive, which publishes the index, said wholesale values last month were down 4.2% from May and fell 10.3% from June 2022, when adjusting for mix, mileage and seasonality.
ATLANTA – July 14, 2023 – After a successful launch and aggressive expansion in the eastern U.S., Cox Automotive has now enabled sellers in California to join in the Upside™ wholesale experience. This significant expansion brings on sellers throughout California, making it easier for buyers in the western half of the country to find attractive … Continued The post Cox Automotive’s Upside Offering Expands to the West Coast, Linking Sellers and Buyers Across the U.S. appeared first on
For the past few years, the automotive industry has experienced significant change stemming from a range of factors including inventory shortages, diminishing loyalty and rapid digitalization. At the dealership level, these challenges are also making way for new opportunities for dealers to conquest new customers, if they can take a targeted approach to engaging the right buyers.
Marketing | 3min Read Top 8 Reasons to Change Website Providers Don't forget to share this post! Share on facebook Share on google Share on twitter Share on linkedin As the automotive industry evolves, so must car dealerships. Having a modern website that works well and provides a great user experience is essential for any dealership. Switching to a new website provider like Jazel can bring several advantages, such as more up-to-date technologies, more options for customization, and better custo
ATLANTA, July 10, 2023 – The Manheim Used Vehicle Value Index (MUVVI) declined to 215.1 in June, ending the first half of 2023 down 10.3% from a year ago. Additionally, wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased by 4.2% in June. This decrease, a record for June, was impacted by … Continued The post Manheim Report: Used Vehicle Values Fall for Third Straight Month; Wholesale Prices Down More Than 10% Year Over Year appeared first on Cox Automo
ATLANTA, July 10, 2023 – The Manheim Used Vehicle Value Index (MUVVI) declined to 215.1 in June, ending the first half of 2023 down 10.3% from a year ago. Additionally, wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased by 4.2% in June. This decrease, a record for June, was impacted by … Continued The post Manheim Report: Used Vehicle Values Fall for Third Straight Month; Wholesale Prices Down More Than 10% Year Over Year appeared first on Cox Automo
Perhaps it’s the lower price point, more vehicle options available, increased consumer comfort level or some combination of factors. But while still just a sliver of the overall used-car market, sales of pre-owned electric vehicles are making marked improvements for dealers and other retailers. There were an estimated 41,341 electric vehicles sold in the retail used-car market in the second quarter, according to a late-June presentation from Cox Automotive.
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