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
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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.
Quarterly sales of electric vehicles break the 250,000 mark while rising to 7.2% of total vehicle sales in the U.S.
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Buyers in the used, new, and remarketed vehicle segments should expect continued growth in used electric vehicle sales as availability increases and retail prices decrease.
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After closing out 2022 with the longest-running, sharpest decline over a single year, wholesale used vehicle prices have risen in 2023.
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The movement of new vehicles into fleet increases at a consecutive monthly pace with supply freeing up after several years of constraints, according to Bobit fleet data.
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Hallett served in an active 25-year career with KAR Global but he will still keep his seat on the company's board of directors.
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In a confidence builder for EVs, fewer than 2% of batteries have been replaced outside of publicized recalls during the last 10 years.
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CAR 2023: The industry training group is attracting more participants as it expands its professional education.
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Although prices are falling, they likely won't decline too much given the tighter inventory compared to 2021.
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The month also ended at near 41 days’ vehicle supply, down from 48 days at the end of January and 13 days lower than February 2022 at 54 days' supply.
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Combined sales into large rental, commercial, and government fleets have seen eight consecutive months of double-digit, year-over-year increases.
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