The average sale price for used vehicles from fleet leasing consignors increased 1.9% to $12,706 in January from the prior month and 3.9% from January of 2018, according to Tom Kontos, KAR's chief economist.
This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact cars and midsize cars, in specific, saw the strongest growth among all vehicle segments and outperformed the overall market.
Roadway fatalities in the U.S. dipped slightly in 2018 to approximately 40,000, representing just a 1% decrease from 2017 and 2016, when 40,231 and 40,327 people were killed in motor vehicles crashes, respectively.
Several cities are responding to what they view as lax state legislation by passing their own distracted driving laws. Three states in the nation still allow texting while driving and only 16 have adopted hands-free laws, according to the Governors Highway Safety Association.