October 2024 saw continued growth in auction vehicle sales despite challenges such as hurricanes impacting the southeastern U.S., Automotive Fleet reports.

Dealer sales were up 6.9% year-over-year, reflecting a steady rebound in the used car market. However, monthly sales dipped slightly in October, largely attributed to the temporary disruption caused by adverse weather. This highlights the market’s resilience and the increasing demand for pre-owned vehicles as affordability challenges persist in the new car segment.

Experts suggest that the year-to-date performance, which remains 10% above 2023 levels, is a positive indicator of the market’s stability. Dealers and auction houses are expected to capitalize on this momentum as they work to meet growing consumer interest. This trend underscores the critical role of auctions in supporting vehicle inventory management across the automotive industry.

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