The slight increase would compare to a 7% decline in 2023 and nearly 15% drop in 2022 from inflated prices during the coronavirus pandemic. At that time, availability of new vehicles fell to record lows due to supply chain and parts problems that interrupted vehicle production.
“2024 is looking to be less volatile than 2023, but we’ve been taught to expect the unexpected in the wholesale market,” Jeremy Robb, Cox Automotive senior director of economic and industry insights, said
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