October’s price decline is eerily similar to last October’s 2.2% drop, and this was not unexpected as the market remains balanced.
The latest collective figures from the Detroit Big 3 and the Asian Big 6 show a dip in October but sales are still up by a third for the first 10 months of 2023.
Car, truck, and SUV sales from nine automakers into large rental, commercial, and government fleets increased 26% in September compared to the previous year.
Nick Hafto will be acting as manager for the Greater Indianapolis Area, who brings more than 10 years of sales management experience.
With sales slightly stronger than expected, tight supply, and prices at about 6% below last year, these factors are expected to prevent any substantial decline in wholesale prices through year-end.
U.S. fleet sales for August were strong and reached levels for the month not seen since 2019.
All major market vehicle segments saw price declines year over year and all were down compared to the previous months, except for one.
All large manufacturers showed gains in fleet over last year, with combined sales into large rental, commercial, and government fleets improving.
Fleet sales have helped underpin the market improvement so far this year. Forecasts suggest fleet sales could increase by more than 40% year over year,
The additional Stellantis electric vehicles will allow Merchants to provide fleet managers with more short- and long-term EV leasing options.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
