Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
News/Media Release
Staff
Staff
Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
For the second month in a row, average transaction prices undercut manufacturer's suggested retail prices, reversing a prior 20-month trend.
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Major automakers appear to be preemptively pulling the fleet lever to stymie any significant increase in retail inventory.
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Conditions have shifted to favoring buyers; but with tight supply, the market is close to a balance between buyers and sellers.
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Leading fleet management and remarketing companies call out their best performing auction partners across the U.S.
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The renaming caps an evolving strategy for consolidating online and digital auction marketplaces into a more streamlined whole that speeds up vehicle transactions.
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Dealer lots are no longer empty, with far more selection for vehicle shoppers who may have been waiting to buy a particular model.
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The automotive industry consulting firm will help the 700-vehicle weekly auction build its connections in the marketplace.
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While inventory is up from 2022 levels, it remains low by historical standards. Meanwhile, the estimated typical monthly payment for a new vehicle declined to $754 from the peak of $791 in Dec. 2022.
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Prices usually decline in the first two weeks of April, but in each of the last two years prices increased substantially during these same weeks, the Manheim Index shows.
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Finding the right product at the right price is more challenging for buyers today. Sales for all of March were down 4% compared to a year ago.
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