Part 5/7:
Another dimension of this auction event was the evident scarcity of quality vehicles. The dealer pointed out various empty spaces in the auction hall, indicating that fewer vehicles were available compared to previous weeks. He explained how a lack of inventory from new car dealers—who rely on trade-ins to supply auctions—affects used car dealers’ ability to secure affordable stock. When new vehicle sales dip, it further constrains the market, making it challenging for used car dealers to lower their prices.