Since it’s introduction in 1948, more than 28 million F-Series trucks have been sold and the F-150 is consistently one of the most popular vehicles on the market. But when deciding whether or not to take one more in trade, or buy another one at auction, or wholesale one, it is important to look at marketplace supply and demand.
Are there too many in the local market?
Are there too few?
It’s more complicated than just your sales rate and the day’s supply. We can learn a lot from market demand and that can make you a better buyer, and a smarter seller.
I sat down with the data scientists at Vast again to get their insights on how we can use market demand to tell us whether something is scarce or there are too many. We looked at F-150s as our example.