Wholesale Used-Vehicle Prices Lurch Upward in February
The month also ended at near 41 days’ vehicle supply, down from 48 days at the end of January and 13 days lower than February 2022 at 54 days' supply.
The month also ended at near 41 days’ vehicle supply, down from 48 days at the end of January and 13 days lower than February 2022 at 54 days' supply.
CAR 2023: The complementary workshops and tandem panel sessions during the Conference of Automotive Remarketing are designed for audience insights, brainstorms, and solutions.
Combined sales into large rental, commercial, and government fleets have seen eight consecutive months of double-digit, year-over-year increases.
CAR 2023: Consignors and auctions can expect better resales on used electric vehicles if they know how to make the most of incentives, credits, and rebates.
With the goal of eliminating breakdowns for its customers, the combined companies can provide fleet operations complete services backed by fleet experts and a wide provider network.
CAR 2023: Electric vehicles should come with a slow down/caution sign, based on the insights and results from electric fleets in Europe.
CAR 2023: A line-up of executives from major fleet leasing companies will examine how supply chain constraints are changing approaches to remarketing.
CAR 2023: The industry leaders will offer their latest take on the state of the industry and business patterns that indicate future trends.
Used vehicle prices are declining in this divergent market. Fleet sales making a comeback compared to last year.
Owned and run by the Soghomonian family, AVDAA is a thriving independent legacy operation in the southwestern U.S.
Retail demand softened last month, but January sales were buoyed by fleet purchases, up 58% from the year-earlier January.
CAR 2023: How are auctions doing business differently in response to the growth of multi-roof top dealership groups, consolidated support services, and an evolving competitive landscape?
Average transaction prices are still $310 over average MSRP, though that’s down from the $900 above sticker for January 2022, according to Kelley Blue Book.
The company’s strategy draws on the need for maximum online access to vehicles combined with the real-time in-person connections of auction locations.
CAR 2023: Industry certifications are reaching critical mass as consignor and auction professionals invest in high standards and some career ROI.
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