News/Media Release
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.
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.
Higher rates are already shifting access to vehicles and financing towards wealthier consumers as overall affordability declines.
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Rising interest rates are taking some potential buyers out of the market.
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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.
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Most loan types saw loosening in October, but certified pre-owned loans loosened the most month over month and year over year.
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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.
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All eight major market segments saw seasonally adjusted prices that were lower year over year in October.
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The consulting company will help the Tennessee-based auction operation reach a broader range of customers.
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Some manufacturers may be shifting more of their sales to fleet as they see retail sales soften due to consumer economic concerns.
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The southeastern U.S. independent auction vehicle wholesaler now spans 10 locations after its second acquisition this year.
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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.
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