Auto Analyst Kevin Tynan Talks To 'Auto Trends' About Car Sales, Prices And More

 

Kevin Tynan, the Presidio Group's director of research, joins Auto Trends with JeffCars.com to analyze both the new and the used car markets, sharing what consumers are paying. 

Tynan will also discuss why for the first time there is a whopping $20,000 spread between the pricing of new and used vehicles. 

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'Auto Trends' Talks To A Used Car Manager About What Drives Appraisal Calculations

                                

Pre-owned Car Manager Rachel Pitman (Photo Credit: RP)

For anyone who has been in the market recently for a used car, they’ve noticed that their dollar doesn’t go far these days. The cost to purchase a used vehicle today is more than it was prior to the pandemic. In fact, according to Manheim Used Vehicle Index, wholesale used vehicle prices, which is the amount dealers pay for their automobiles, increased by 8.3% in the first 15 days of October compared to the entire month of September. And when looking at a year-to-year comparison, the value of used vehicles has increased by a whopping 37 percent from October 2020.