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Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
Declines in Manheim Market Report prices, days' supply, and average daily sales conversion rates are following typical patterns for November.
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Days’ supply in October was 26% above year-ago levels. Used-vehicle inventory has been holding at about this level since mid-January.
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The longtime family-owned auction group that spans four generations of the Wolfe family is shedding one operation to focus on its two others in Indiana.
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Days’ supply climbed to 49, the highest since May 2021. The question now is: Will demand keep up with supply?
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Higher rates are already shifting access to vehicles and financing towards wealthier consumers as overall affordability declines.
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The completely redesigned Prius features Toyota’s first 2.0L Plug-in Hybrid System, combining the Dynamic Force Engine and lithium-ion batteries.
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A new Nissan group called the EV Transformation Office will focus on the company's electrification and connected services. Aditya Jairaj has been promoted to lead the group.
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Airport parking service QuikPark, added three commercial shuttles electrified by Karma Automotive to their fleet, servicing LAX customers.
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Lightning eMotors announced a new collaboration with Hevo to develop wireless charging functionality to all Lightning vehicles, starting with the Class 3 ZEV3 model.
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Rising interest rates are taking some potential buyers out of the market.
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