Joe Overby

2 weeks ago | autoremarketing.com | Joe Overby

After the strongest month in nearly five years, wholesale auction sales were “substantially more muted” in May, but still up more than 3% from a year ago. And though down double-digits from pre-COVID level, year-to-date sales are performing favorably to 2024. That’s according to the latest AuctionNet data and commentary from the National Auto Auction Association provided to Auto Remarketing.

2 weeks ago | autoremarketing.com | Joe Overby

Premium Content Joe Overby, Senior Editor Electric vehicles are one of two outliers when it comes to used-car price patterns, as their prices continue to fall amid growth in the overall pre-owned vehicle market the last three months. But the declines in used EV values appear to be approaching a plateau, according to an iSeeCars.com analysis, indicating that supply and demand […]...

2 weeks ago | autoremarketing.com | Joe Overby

The wholesale car market isn’t done dealing with tariffs, but it appears some of the sharpest impacts have passed. Analyses of monthly used-car price indices addressed those patterns and impacts, while also forecasting what could be in store for wholesale values over the summer. Cox Automotive’s Manheim Used Vehicle Value Index came in at 205.2 for May, which beat year-ago figures by 4% and was off 1.4% from April, when adjusting for mix, mileage and seasonality.

3 weeks ago | autoremarketing.com | Joe Overby

With the used electric market poised to grow in coming years, CarMax — where website searches for EVs have more than doubled since January 2022 — is taking steps now to become the leader in that space. The used-car retailer announced a series of initiatives on Wednesday designed to improve the used EV buying and ownership experience, including measures around EV education, battery health assessment and at-home charging, and tax rebates.

1 month ago | autoremarketing.com | Joe Overby

There has been a spark in the used hybrid and electric vehicle market this month. After two years of consistent slowdowns, the segment has shown the most month-over-month retail price growth of any vehicle category in the latest Carfax Used Car Index. According to Carfax, used hybrid/EV prices are ...