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Manufacturer sales, including off-rental units repurchased by the OEMs, soared more than 80% year-to-date compared to last year.
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Commercial vehicle sales stood out in August due in part to more rental fleet vehicles coming through auto auctions.
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Month-to-month, year-over-year, and year-to-date numbers indicate a firm selling season of used vehicles from different market segments.
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Auctions in April saw spikes in sales of 1–2-year-old vehicles, off-rental vehicles, and consumer trade-ins.
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Electric vehicle sales of all ages hit the highest tally ever recorded for any month-to-date, while sales of used rental cars spiked the under two years segment.
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Despite a flattening curve due to fewer off-lease vehicles coming into channels, commercial sales rank highest in volume increases since 2023.
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Monthly and year-to-date vehicles sales at auctions reflect strong commercial sales growth this year.
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Monthly YOY and year-to-date sales point to a commercial fleet sector moving more vehicles into remarketing channels during the last six-plus months.
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Fleet/lease sales were responsible for the increase in auction volume in the first quarter as dealer sales fell 5.4% YOY and fleet/lease sales rose nearly 29%.
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Insights from the "cereal box" workshop at the 2022 Conference of Automotive Remarketing show how consignors and auctions can be creative in accurately pricing wholesale vehicles.
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