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News•September 15, 2023

How Will UAW Strike Affect New, Used, and Rental Vehicles?

Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.

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News•by News/Media Release•September 9, 2023

Wholesale Used-Vehicle Prices and Sales Holding Steady

With sales slightly stronger than expected, tight supply, and prices at about 6% below last year, these factors are expected to prevent any substantial decline in wholesale prices through year-end.

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News•by News/Media Release•September 8, 2023

Used Vehicle Supply Drops on Strong Sales

The number of used vehicles for sale had been increasing after hitting a low point in March but that increase in inventory stalled in mid-July and into August, as sales unexpectedly picked up.

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News•by News/Media Release•September 7, 2023

New-Vehicle Supply Grows Ahead of Potential Strike

The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.

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News•by Staff•September 6, 2023

Recovering Fleet Sales Outpace Retail Sector

U.S. fleet sales for August were strong and reached levels for the month not seen since 2019.

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News•by News/Media Release•September 6, 2023

ACERTUS Purchase of RCG Logistics Builds on Growth Strategy

The purchase will integrate RCG Logistics under the ACERTUS brand and is the fourth transaction for ACERTUS whose parent company MetroGistics previously acquired MetroTitle, Amerifleet, and McNutt.

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Articles•by Martin Romjue•August 28, 2023

Remarketers Focus on Industry Realities at Annual Event

IARA Summer Roundtable: From the latest vehicle market dynamics to technology influences to electric vehicle shortfalls, the International Automotive Remarketers Alliance bonded over the big issues while teeing up member and industry growth.

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News•by News/Media Release•August 17, 2023

Wholesale Used-Vehicle Prices Increase This Month

The conversion rate indicates that the first 15 days of August saw buyers with more bargaining power for this time of year.

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News•by News/Media Release•August 15, 2023

Used-Vehicle Inventory Hits High Point for 2023

While the total supply of unsold used vehicles is down from the same time a year ago, they are up from the end of June.

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News•by News/Media Release•August 14, 2023

New-Vehicle Production and Sales Steady as Supply Declines

The average listing price of a vehicle remained above $47,000 since April, while the ATP of a new vehicle in July was $48,334 compared with $48,671 in June.

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