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Programs from Lexus, Kia shine brightest among CPO offerings this year.
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Automakers reported impressive monthly results, showing increases that ranged from 40% to 70% compared to unit sales during the pandemic.
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Wholesale used vehicle prices have increased 37% over the past 20 weeks and used retail prices rose 15% since the end of 2020.
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Driven by an extreme shortage of rental returns and limited inventory of new vehicles, the price trends of newer used vehicles have been experiencing larger weekly gains.
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New mobile app streamlines inspections, generates in-depth digital history and condition report in minutes, increases efficiency for automotive professionals and peace-of-mind for buyers.
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This designation recognizes the exceptional services of a select group of wholesaler brokers and MGA partners.
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Today’s news pushed Ford shares up 6%. Ford stock prices have doubled since CEO Jim Farley took the helm in October 2020.
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Experian’s latest report also highlights geographic trends in automotive finance.
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It is now clear that like 2020, 2021 will also not have typical seasonality patterns as the market is going through a rapid increase in wholesale values.
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The survey was conducted on May 13, a time of significant disruption and fuel shortage up and down the East Coast.
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