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.
Used vehicle consignor CarLotz will enable Shift to pursue a new business plan focused on allowing consumers to buy vehicles online, sight unseen, for pickup or delivery.
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The average price for a new electric vehicle – over $66,000, according to Kelley Blue Book estimates – remains well above the industry average and more aligned with luxury prices versus mainstream prices.
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Sales into commercial fleets were up 19% year over year, and sales into government fleets were up 31%, but rental were down 7%.
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All major market segments once again saw seasonally adjusted prices that were higher year over year in July.
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The 7th and largest class group is well on its way to earning the “executive MBA” equivalent of an auction industry education.
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The sales team at the regional auto auction raised $13,500 for a charity that supports families who have children facing life-threatening medical conditions.
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Rising interest rates and low consumer sentiment are keeping many potential buyers out of the market while higher gas and vehicle prices are decreasing affordability.
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The Viper stopped at 34 dealerships across the country on the road to being auctioned off to benefit Girls Inc., Toys for Tots and Boys & Girls Clubs of America
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Merchants will continue to operate independently. The members of the Merchants leadership team will remain in their current roles and will be co-investors in the business.
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Higher interest rates, coupled with high gasoline prices and high vehicle prices, are keeping used sales in Q2 low.
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