Used vehicles are tracking at a fairly normal pace for supply. Sales have slowed compared to the strong pace in the summer of 2021, but are still relatively healthy.
Used vehicle consignor CarLotz will enable Shift to pursue a new business plan focused on allowing consumers to buy vehicles online, sight unseen, for pickup or delivery.
The average price for a new electric vehicle – over $66,000, according to Kelley Blue Book estimates – remains well above the industry average and more aligned with luxury prices versus mainstream prices.
Sales into commercial fleets were up 19% year over year, and sales into government fleets were up 31%, but rental were down 7%.
All major market segments once again saw seasonally adjusted prices that were higher year over year in July.
Auctions received vehicles from a more diverse stream of sources in the last quarter as data could be signaling some inflection points in the market.
ANALYSIS: Used cars will no longer contribute to inflation. They should be a source of deflation in the months ahead.
The all-new service helps reduce powered equipment loss and streamline fleet management.
Insights from the "cereal box" workshop at the 2022 Conference of Automotive Remarketing show how consignors and auctions can be creative in accurately pricing wholesale vehicles.
Featuring over 100 vehicles and 70 charging stations, the Evie Spot Network is the nation’s largest public electric mobility program and represents more than three years of intracity collaboration with the communities closest to the program area.
What are the current promises and challenges of alternative fuels and clean-vehicle technologies for commercial fleets? An industry panel discusses the State of Sustainable Fleets at ACT Expo.
The International Automotive Remarketers Alliance opens registration and releases a schedule for its conference that brings together consignors, auctions, dealers, and finance companies.
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