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#9 Why we still have vehicle shortages, new and used car price predictions, when we’ll get back to normal & that time CDG bought 50 Chevys at auction | Jonathan Smoke, Chief Economist, Cox Automotive
Car Dealership Guy Podcast
The Predictability of Wholesale Use Vehicle Values
In pre-pandemic times, it was miraculous actually how 12% became the average across all model years. So you do tend to see older vehicles deliver that amount of appreciation and always stay in very close relationship to mileage as well. The nuances that we see throughout the year, I mentioned during the spring, we normally see wholesale use vehicle values go up.
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