Combined sales into large rental, commercial, and government buyers were down 30% year over year in February.
The annual conference will offer plenty to talk about and act on as the remarketing industry strategizes for a reset marketplace.
Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.
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