Big Changes Ahead for Used-Vehicle Transport
Analysis: When it comes to transporting electric vehicles, there are questions on all sides about weight, safety, and hauling.
Analysis: When it comes to transporting electric vehicles, there are questions on all sides about weight, safety, and hauling.
The 1.66 million used vehicles sold at retail are up 11% year over year compared to March 2023 and the highest volume since March 2022.
Used-vehicle sales in the period were up more than 5% year over year, in line with spring fever and the tax refund season.
This was the first time the Manheim Market Report index reading has been under 200 since March 2021, illustrating the outsized moves in the index over the last three years.
The arrangement will help the five-lane auction develop business and expand further into the national vehicle consignor market.
The Q1 2024 decline in electric vehicle sales was the first quarter-over-quarter downturn since Q2 2020.
The 2024 Remarketer of the Year and Consignor of the Year bring resumes full of enterprise and experience.
A list of “R-words” captures the intent behind the alliance’s first new name and look since it was founded in 2001.
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%.
The charity events included more than 2,000 classic, specialty, and exotic vehicles that raised $86,000 to provide recreational opportunities.
The average daily sales conversion rate increased to 62.5%, showing that demand improved relative to February.
The veteran leaders bring a combined 60 years of experience at Manheim and worked their way up through formative roles in auction operations.
The Automotive Remarketing Alliance recognized a disaster relief fund namesake for his charitable actions and the first-time recipient of a new industry honor, during the Conference of Automotive Remarketing.
The I-15 charging infrastructure will be suited to all electric fleets, including light- to medium-duty vehicles.
Year-to-date sales in commercial, rental, and government fleet sectors are scraping 600,000 vehicles sold.
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