Dealer optimism has improved, buoyed by clarity following the election and the momentum of the holiday shopping season.
While average wholesale pricing continued to tick downward, we might have finally reached the bottom.
With the selling season in the rearview mirror, dealer priority moves from inventory acquisition to product liquidation.
Average wholesale price performance fell in line with seasonal expectations as prices dropped almost across the board.
Short-term AWP declines mirrored longer-term year-over-year declines in nearly all categories.
NPA is expanding its auction services at its new Atlanta location to twice a month starting in August.
With new inventory levels significantly above that of 2019, expect OEM promotional activity to continue to increase.
New and used sales look very similar to 2023.
Used pricing has finally returned to normal levels post-COVID, and normal seasonality has returned.
Average wholesale prices continue to improve, reflecting dealer sentiment and demand for pre-owned.
The program will be called RideNow Cash Offer.
Consumers aren’t delaying purchases because of the economy, but they’re still looking for deals.
