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Auction vs. Retail: Adapting to Inventory Challenges in 2021

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Maximize Your Current Pre-Owned Inventory With so much future uncertainty, strong wholesale auction prices are prompting some dealers to send more cars to auction than they ever have in the past. However, with retail typically generating less overhead than auction, other dealers are keeping and retailing more pre-owned vehicles, including 2015 models and beyond with low mileage or higher-mileage luxury options. This approach poses a valuable opportunity – especially to dealers with access to the right insights. 1 IN DECEMBER 2020, USED VEHICLE VALUE INDEX INCREASED 15.3% YEAR-OVER- YEAR. Manheim

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