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Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
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Long brings years of experience and strong industry connections as a former executive director of the International Automotive Remarketers Alliance and previously of the National Auto Auction Association.
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The deal further positions Cox Mobility in the fleet maintenance sector and expands its servicing of light, medium, and heavy-duty trucks and trailers.
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All major market vehicle segments saw price declines year over year and all were down compared to the previous months, except for one.
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All large manufacturers showed gains in fleet over last year, with combined sales into large rental, commercial, and government fleets improving.
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Overall engagement with the International Automotive Remarketers Alliance has risen across the board in the final stretch before its annual conference.
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Analysis: An increase in one-off moves, overall wholesale industry growth, and OEM production increases are driving prices higher versus pre-pandemic levels.
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Wholesale supply has increased with weaker purchase activity in early July, yet it is otherwise normal for this time of year.
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The last several months have closely followed 2019 levels, the last normal year, which means dealers are balancing their inventory to the sales rate and keeping days’ supply steady even as total supply improves.
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Visa's global system will be added to Car IQ Pay vehicle wallet, which enables merchants to accept payments from fleets, cars, and trucks.
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While inventory is up substantially compared to 2021 and 2022 levels, it remains low by historical standards.
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