Wholesale Used-Vehicle Prices Down 14.2% in November YOY
All eight major market segments again saw seasonally adjusted prices that were lower year over year last month, with compact cars showing the smallest decline.
All eight major market segments again saw seasonally adjusted prices that were lower year over year last month, with compact cars showing the smallest decline.
Fleet experts shared their insights on remarketing upfits and equipment in the work truck industry.
Higher rates are already shifting access to vehicles and financing towards wealthier consumers as overall affordability declines.
Rising interest rates are taking some potential buyers out of the market.
EV sales jumped by 68% year over year in Q, and for the first time, EV sales in the U.S. nearly equaled hybrid sales.
Most loan types saw loosening in October, but certified pre-owned loans loosened the most month over month and year over year.
The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.
All eight major market segments saw seasonally adjusted prices that were lower year over year in October.
The consulting company will help the Tennessee-based auction operation reach a broader range of customers.
Some manufacturers may be shifting more of their sales to fleet as they see retail sales soften due to consumer economic concerns.
The supply issues plaguing automotive are ameliorating month over month, but to varying degrees depending on fleet type.
Supply and demand shifts over the last two years have had ripple effects on purchasing patterns, the condition of used assets, and pricing.
The slowing economy has driven average vehicle sale and floor prices past a turning point compared to last year.
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
