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Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
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The company says the offering is designed to empower administrators, service contract providers, and product marketers to expand automotive and power-sports capabilities.
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Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
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The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
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Automotive auction inventory increased last week, giving choosy bidders even more leeway.
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Wholesale automotive auction activity slowed noticeably last week, though business still remained healthy, analysts reported.
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Last week's wholesale vehicle auction activity reflected seasonal patterns as buyers stayed choosy about selections, analysts reported.
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Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.
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Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.
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Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
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