New Vehicle Prices Rise Agan, While Affordability Dips
The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
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Commercial fleet sales were down more than 14% last month, tying its January decline and continuing a string of monthly losses.
The Q1 2024 decline in electric vehicle sales was the first quarter-over-quarter downturn since Q2 2020.
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Year-to-date sales in commercial, rental, and government fleet sectors are scraping 600,000 vehicles sold.
The company’s SmartHaul TMS platform allows dispatchers to send SMS and MMS messages seamlessly to any device or app drivers are using.
The fleet maintenance provider joins the U.S. Army's PaYS program to offer former service members opportunities for future technician jobs.
Domestic brands continue to have the highest inventory while Asian imports rank lowest.
With new-vehicle inventory rising in the U.S., downward price pressure and higher incentives appear to be key drivers of the market’s momentum.
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February sales figures show a major gain in new rental cars that makes up for flat or lower sales in the commercial and government fleet sectors.
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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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