Friday, Jan. 14, 2022, 03:14 PM
A telling sign for the used-car supply shortage is evident in the latest Wholesale Market Update from J.D. Power Valuation Services.
There were 3.91 million vehicles (up to 8 years old) sold at auction last year, which was down 13% year-over-year.
“However, when compared with pre-pandemic levels, auction sales trended 25%-30% lower during the course of 2021,” J.D. Power said in the analysis.
Most of the year-over-year softness is in the …