a comprehensive overview of the wholesale used vehicle market in 2023 and offers predictions for 2024. In 2023, the market experienced significant fluctuations, with three distinct periods: stability in the first third of the year, followed by a sudden 10% decrease in vehicle prices from April to June, and a subsequent freefall in prices by September. Various vehicle classes were affected differently, with sleeper trucks, day cabs, and larger vehicles experiencing the most significant drops in value.

Traditional economic indicators proved unreliable in predicting market trends, with factors like increased housing activity failing to boost demand for used vehicles as expected. Interest rates doubled, further complicating the market dynamics. Looking ahead to 2024, the article predicts continued challenges, with prices likely to remain low and some vehicle classes experiencing further declines. Click the link below to download the article and read more!