The State of the Used Car Industry - Summer 2023
Retail | Wholesale | Finance | Collections & Recoveries
The used-vehicle market is as complicated as it is interconnected. Market fluctuations in one segment (for example, repossessions volumes or lease originations) can affect the state of another (availability of wholesale supply), which in turn can influence another (inventory of retail vehicles from which consumers can choose).
With that in mind, Cherokee Media Group presents our mid-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.