13% drop in vehicle sales volumes at auctions last year
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Friday, Jan. 14, 2022, 08:14 PM
Joe Overby, Senior Editor
CARY, N.C. -
A telling sign for the used-car supply shortage is evident in the latest Wholesale Market Update from J.D. Power Valuation Services. There were 3.91 million vehicles (up to 8 years old) sold at auction last year, which was down 13% year-over-year. “However, when compared with pre-pandemic levels, auction sales trended 25%-30% lower during the course […]