Used-vehicle values drop 14% YoY
Used-vehicle values declined 14.2% year over year in November, marking the third consecutive month of YoY decreases as values continue ...
Tag: used vehicle sales
30% of repo agencies shut down due to unprofitability
SAN DIEGO — Repossession volume is expected to increase in the coming year, a challenge exacerbated by an estimated 30% ...
Listen: Weekly Wrap on used-vehicle market, diminishing demand
Used-vehicle values continue to stabilize amid slowing sales and a dip in consumer demand. The Manheim Used Vehicle Value Index ...
Rising rates, lack of supply drive away subprime consumers
Auto demand is softening further as federal interest rate hikes squeeze lenders’ ability to address affordability concerns, and subprime consumers ...
CarMax’s huge earnings miss points to trouble ahead for new-car market
New-car sales are expected to rise in the just-ending third quarter, but a deteriorating market for used vehicles — which ...
CarMax Auto Finance originations decline for second straight quarter
CarMax Auto Finance (CAF)’s originations fell 4.2% sequentially in the second quarter of fiscal year 2023 as used-vehicle sales slowed ...
Used-vehicle values drop 4% MoM in August
Used-vehicle values declined for the third consecutive month in August as sales picked up and supply improved from a year ...
Tricolor opens 9th reconditioning facility to meet demand
Tricolor Auto Acceptance this week opened the company’s first stand-alone reconditioning facility as demand for used vehicles and auto loans ...
