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Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.
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Last week's wholesale automotive auction activity continued in a healthy mode, though buyers practiced selectivity.
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Last week's wholesale auction activity was stable, though buyers exercised selectivity as they focused on certain segments.
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Both conversions and values were up last week, though business was spotty depending on the segment in question.
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Both vehicle values and conversion rates sped up last week as two segments outperformed in the pre-spring burst of buying.
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Used-vehicle prices at wholesale, dealer-only auctions ended 2021 at 48.1% higher on average than December 2019 and 34.8% higher than December 2020, according to KAR Global.
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