Auto Finance Insights

Wholesale Used-Car Price Report

Near-term prospects are not favorable for the wholesale used-vehicle market. Prices will plummet in the second quarter and stay low for the remainder of the year. With demand for commuting and leisure travel diminished, many will hesitate to purchase a vehicle even if they have retained their jobs. However, declining new-vehicle sales offer a silver lining. Auto manufacturers will respond to falling demand by pulling back on production, reducing the supply of vehicles entering the used-vehicle market. This will set the stage for used-vehicle prices to come back in 2021 .Download the latest analysis.

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