A Data-Driven View of Changing Used Vehicle Market Conditions

In this vAuto podcast episode, Mark Strand, senior director of economic and industry insights for Cox Automotive gives a data-driven perspective on how the used vehicle market will evolve in the final months of 2022. Strand shares how depreciation will continue to affect specific vehicle segments more than others, and how the relative stability of current retail prices creates near-term profit opportunities for dealers. Strand details why vehicle acquisition will remain more digitally driven in the future, and why dealers will have a tougher time sourcing near-new vehicles to feed their factory certified pre-owned sales programs and the local demand data dealers should mine to keep current with changing consumer preferences.