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Used-car demand stays strong in spring but headwinds remain

Caution is the word on the used-vehicle side. Though demand was healthy through the 2023 spring selling season, gone is the level it was at in 2021.

Wholesale used-vehicle prices rose through Q1, but may be at a turning point

Cox Automotive's Manheim Used Vehicle Value Index rose 1.5% in March from February.

As U.S. CPO sales fall to 8-year low, some brands make older cars eligible

Last year, sales of certified vehicles fell 9.4 percent to 2.49 million, according to figures from the Automotive News Research & Data Center. It was the lowest annual volume since 2014, when 2.34 million certified sales were recorded.

Wholesale used-car prices rise slightly in December, but more declines possible

Wholesale used-vehicle prices ticked up in December to cap off a year in which there were several consecutive monthly declines.

September wholesale used-vehicle prices continue slide

Cox Automotive reported prices were 0.1 percent lower in September than the same time last year when the index stood at 204.8. It's the first time since May 2020 wholesale values declined year-over-year.

Wholesale used-vehicle prices fell ‘substantially' through August

Cox Automotive said wholesale prices declined 4 percent compared with July.

Carvana license suspended again in Illinois

Illinois said it suspended sales again because Carvana was not transferring titles within 20 days of sale nor issuing Illinois temporary registrations to Illinois buyers.

CarMax used-car sales down again in latest quarter amid inflation, affordability woes

The company retailed a total of 240,950 used vehicles in the quarter ending May 31, down 11 percent from the same time last year. Comparable store used-vehicle sales also fell 12.7 percent.

CarLotz shutters 11 stores as it realigns for profitability

The used-vehicle consignment company, in announcing the move this week, blamed vehicle sourcing snafus and said it needed to preserve cash.

Average age of U.S. light vehicles rises for fifth straight year

The average U.S. vehicle age rose to 12.2 years in 2022 — a nearly 2 percent increase from 2021, S&P Global Mobility said. Site Index