After 14% growth in ’23, wholesale vehicle volumes likely steady this year as supply remains tight

Wholesale vehicle volumes hit a low point in 2022 but are estimated to have climbed more than 14% last year and are expected to modest growth in 2024, with gains expected for at least the next five years.

Still, wholesale volumes are not likely to reach pre-pandemic levels anytime soon.

That’s according to data in the “Industry Insights” webcast earlier this month from Cox Automotive, which shows that dealer volumes at auction continue to ...