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Total days’ supply at the start of March fell to 44, compared with the revised 53 at the beginning of February, a 20% decline.
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The fleet maintenance provider joins the U.S. Army's PaYS program to offer former service members opportunities for future technician jobs.
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The centers are designed to address the industry’s skilled-labor shortage, develop future talent, increase business and client efficiencies, and position Manheim’s reconditioning operations for EV growth.
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The days’ supply is down 16% compared to the start of the year, as sales of used-vehicles picked up in the month and inventory decreased.
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Inventory levels reach the highest point since June 2020 while the number of buyers who can afford a new vehicle is the best since June 2021.
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CAR 2024: Learn how fleets and remarketing operations along the wholesale path can benefit from the advanced skills of next-gen mechanics.
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In a first-ever metric compiled by Cox Automotive, seasonally adjusted electric vehicle values ended 2023 down 17%, while non-EVs were down 7.1% for the year.
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Grace Huang and Dale Pollack accept honors for their advocacy and contributions on behalf of the wholesale auto auction and automotive industries.
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The plan furthers the company's battery lifecycle management services as it meets demand from a growing new and used electric vehicle market in the U.S.
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For the full year, Cox Automotive estimates sales for used retail were down about 3%, curtailed by a constrained supply of newly used vehicles in the market.
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