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With the goal of eliminating breakdowns for its customers, the combined companies can provide fleet operations complete services backed by fleet experts and a wide provider network.
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Used vehicle prices are declining in this divergent market. Fleet sales making a comeback compared to last year.
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The Cox Automotive industry analysis, AutoFocus, is based on study of data and opinion from across the automotive sector and features an in-depth analysis of Q1 and Q2
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With the battery comprising up to 40% of the cost of an electric vehicle, making sure the battery is healthy — and being able to measure and communicate that health — are important considerations for secondary EV buyers.
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At the end of November, unsold used vehicles on dealer lots was about 4% higher than a year ago, with an average list price of $27,156.
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Three of Cox's companies are partnering up to help navigate the challenges of finding more vehicles in a constricted market.
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Rising interest rates are taking some potential buyers out of the market.
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According to Kelley Blue Book, the growing electrified vehicle segment far outpaces the rest of the industry in Q3 2022, with record sales in the U.S. market.
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To date, 20 vehicles from 13 manufacturers will be on display and available to drive at the 2022 Fleet Forward Conference.
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Hurricane damage, high interest rates, softening used values, and a slowing economy will all have some effect on the coming used vehicle market. The greater issue is even lower sales — as the historic decline in the lease return rate from 2022 meets up with a big drop in lease maturities and lower dealer consignments.
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