The State of the Used Car Industry - Winter 2023
Retail | Wholesale | Finance | Collections & Recoveries
As this “State of the Used Car Industry” report is being compiled, it quite literally is a changing of the seasons: autumn turning to winter, 2023 making way for 2024. It’s also a time of transition in the pre-owned car business, which is what Cherokee Media Group explores in this report, whose theme is, “A New Season for the Used-Car Market.”
With that in mind, Cherokee Media Group presents our end-of-year “State of the Used Car Industry” report, which provides an update on the state of affairs in four key market segments – retail, wholesale, finance, plus collections and recoveries – and how metrics in those segments are interrelated and impact one another.
A New Age of Digital Buying & Selling
The wholesale and retail segments of the automotive industry are shifting toward an increasingly digital future that seems poised to blend online and brick-and-mortar operations.
Want to better understand this trend?
Read our three-part report for data, insights, best practices and more.