State of the Used Car Industry - Winter 2023

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.