Prices were off, though demand proved steady in wholesale, Cox Automotive says.
Cox shows September activity rebalanced the market.
Pandemic pressures have forced used-car buyers to get older and older vehicles.
August figures show month-over-month decline, but SAAR up YOY.
Sales steady despite still-elevated prices.
Improved inventory buoys the former while the new-vehicle market shows balance.
First half of year ends with signs of normalizing, thanks to improved inventories.
Prices trending upward as wholesale increases trickle down.
Pattern could reverse as other market movements influence shoppers.
February increase biggest gain for month since 2009; used retail sales fall.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In