Used-vehicle prices at wholesale, dealer-only auctions ended 2021 at 48.1% higher on average than December 2019 and 34.8% higher than December 2020, according to KAR Global.
In his weekly “Beggs on the Market” report, Black Book’s Ricky Beggs noted that the push for the extra dollar in the auction lanes wasn’t as strong as it was two weeks ago.
In response to rising fuel prices, Kelley Blue Book said today that used, compact-car values could realize the same 20 percent gains seen in 2011. The site advised dealers to stock up now before prices further increase.
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