RideSafely Auto Auction has been the client’s choices since 2002 for purchasing vehicles on the market at auto auctions at costs which were only for individuals who occur to be wholesale auto dealers. Although it seems counterintuitive, older vehicles may not be as cheap as expected, according to the white paper, because older vehicles with lower wholesale costs might have increased retail premiums as dealers might want to spend extra on reconditioning these vehicles earlier than sale.
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NADA’s Used Car Information group looked at data from two sources, together with the Power Data Network® (PIN) from J.D. Energy, to determine the distinction between common wholesale worth (for vehicles up to 8 years outdated) and the retail premium throughout the previous decade.