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.
The southeastern U.S. independent auction vehicle wholesaler now spans 10 locations after its second acquisition this year.
Analysis: Starting in 2023, the effects of the pandemic-driven slowdown and the changes in leasing will affect the used-vehicle supply by mid-decade.
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All eight major market segments saw seasonally adjusted prices that were lower year over year in the first half of October.
Carfax data shows an additional 400,000 water-damaged cars in 2022.
Higher interest rates are likely hurting used-vehicle demand because consumers can’t afford the higher monthly payments.
Despite elevated vehicle prices, soaring interest rates and high inflation, there are no signs that demand is falling off yet.
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