Wholesale used-car prices are declining, but there’s support to keep them from plunging

The wholesale used-car market is still recovering from the plunge in new-vehicle sales during the pandemic, say industry experts. Auction volumes are rising steadily though.

But while auction volumes are rising and competition is returning to the auction lanes, the supply slump will continue to support higher wholesale prices in coming months, they say.

“All of those vehicles that weren’t built that we would expect to