New-Vehicle Affordability Declines in April
Affordability remains worse than a year ago when prices were lower, incentives were higher and CARES Act payments boosted incomes.
Affordability remains worse than a year ago when prices were lower, incentives were higher and CARES Act payments boosted incomes.
The average listing price surpassed the $22,000 mark for the first time ever in April, closing the month at a new high of $22,568.
The "Lightning" version of the biggest selling pickup accelerates the push toward fleet electrification.
On a year-over-year basis, all major market segments saw seasonally adjusted price increases in April.
Velocicast technology fortifies simulcast capabilities and enhances customer experience.
Vehicle Transport simplifies complex logistics management, enables time and cost efficiency, and reduces risk automakers, dealers and fleets.
Data shows strength in dealers bidding and buying across physical locations, Simulcast, Manheim Express, Manheim.com and OVE.
Figures remain down 16% from year-ago level.
The emergence of electric vehicles will be among the many top trends to be explored at the Conference of Automotive Remarketing June 15-17 that will be in-person and online.
During Earth Month, Manheim and Cox have launched company-wide campaigns to encourage more sustainable actions among team members at home and at work.
John Brasher has worked for some well-known names in the industry.
Electric Last Mile Solutions (ELMS) and Geotab are partnering to deliver a factory-installed connectivity solution on ELMS’ upcoming Urban Delivery EV to help provide customers with centralized access to their connected vehicle data via the MyGeotab platform.
Topics discussed includes if fleets should reevaluate their future vehicle cycling plans; the resolution of the unintended personal-use charge tax consequence on fleets in 2020; and how new accounting lease standards might impact future vehicle lifecycle trends.
Wholesale used-vehicle prices increased 3.74% in the first 15 days of March compared to the previous month.
The company's new chief procurement officer will lead all purchasing activities as well as quality and the performance of the supply base.
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