Part 10/12:
Now, with a reversion to the mean, more low-mileage, two- to three-year-old trucks and cars are entering the auction system. This shift benefits small used-car dealers like himself, as it broadens inventory options and fosters increased competition.
Market Correction and Future Outlook
The overall picture points to a market in transition. The industry is slowly recovering from a period of scarcity, characterized by record-high auction prices and low inventory levels. As manufacturers stabilize supply chains and dealers begin to offload older trade-ins, conditions will improve.