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In a first-ever metric compiled by Cox Automotive, seasonally adjusted electric vehicle values ended 2023 down 17%, while non-EVs were down 7.1% for the year.
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All major vehicle segments saw price declines compared to last month, with most categories exceeding the average industry decline.
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There was notable weekly downturns as the market intensified its decline after the Thanksgiving holiday.
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The majority of segments reported wholesale price declines surpassing 1% in November
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October reported uncertainty though the month as a result of the UAW strike.
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September reported higher prices though the month as a result of the UAW strike.
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August reported another month of wholesale vehicle prices declines throughout all vehicle segments.
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June reported overall wholesale vehicle prices declines throughout the month.
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May reported overall wholesale vehicle prices declines for the first time since early February.
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Vehicle wholesale prices continued to increase into April. And the month ended in a 15 consecutive week increase.
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