The average price for rental risk units sold at auction in the first 15 days of June was down 15.2% year over year. Rental risk prices also declined by 5.7% compared to the full month of May. Average mileage for rental risk units in the first half of June (at 49,900 miles) was down 12% compared to a year ago and fell by 11.6% against May 2024.
“May ended with stronger than normal price declines in the last few weeks, and that’s continued into early June,” said Jeremy Robb, senior director of Economic and Insights at Cox Automotive. “We are still seeing higher sales conversion levels with days’ supply down as sales have continued to run above last year’s levels.”
