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Fleet/lease sales are one factor spurring the volume, with 5-year-and-below vehicle sales up 32% so far this year.
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The guide includes a look at currently existing practices within fleets based on an Oct. 2023 survey, industry best practices, and actionable takeaways for fleets.
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On June 12, join David Renschler, public works fleet division manager for the city of Fairfield, CA, to discuss the infrastructure buildout for heavy-duty applications and considerations around mobile charging and microgrids.
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The total U.S. supply of available unsold new vehicles opened May at 51% above a year ago, but volume is still down 26% from 2019 levels.
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Parts and labor shortages, elevated interest rates, and a surge in EVs and new vehicle technologies are all impacting fleet maintenance. Holman's Chris Foster digs into the factors moving the market and what fleets can do to mitigate expenses.
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The average used-vehicle listing price was $25,571, up slightly from the revised $25,536 at the start of April but down 6% from a year earlier.
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The new Hatchback, with the option of up to six cubic feet of storage space, has a starting MSRP of $23,505.
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Prior to joining Motiv, Griffith served as CEO of Ford’s Autonomous Vehicles and Mobility Businesses, where he oversaw the development of Level 4 autonomous vehicles as well as overseeing Ford’s portfolio of strategic investments in future mobility businesses.
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Wholesale flattens mid-month, while used retail vehicle sales rose slightly but are still down compared to last year.
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The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
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