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.
The all-new service helps reduce powered equipment loss and streamline fleet management.
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.
At the end of March, the average listing price was $27,246, off record levels in December when it surpassed $28,000. The list price was down some from the end of February when it was a revised $27,609.
In his Monday afternoon session, LeasePlan USA Senior VP of Corporate Fleet Jon Stafford made it clear how he regards total cost of ownership (TCO) as a tool to better manage his fleet, his people, and his company — he doesn’t. Because TCO is dead.
Combined sales into large rental, commercial, and government buyers were down 30% year over year in February.
FastLane will be the anchor asset for EBlock to expand its reach by enabling digital dealer-to-dealer buying and selling, positioning EBlock for further reach in the U.S. Midwest.
The agreement is closely aligned with KAR’s digital strategy, and will allow KAR to focus on its portfolio of digital marketplaces.
Production will increase with an easing of the chip shortage later this year and sales will rise. Prices will stay high but likely off their records.
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