The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
On a year-over-year basis, all major market segments saw seasonally adjusted price increases in July.
Wholesale used vehicle prices increased 0.47% month-over-month in October, bringing the mid-month Manheim Used Vehicle Value Index to 161.9, a 15.4% increase from October 2019.
Car rental companies’ recent fleet discipline is needed now more than ever.
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