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.

The typical monthly payment hits a record of $712.
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As gas prices surged to record levels, inventory of imports, especially smaller, fuel-efficient models, including hybrids, was among the lowest in the industry at the end of May.
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The average listing price as May closed dipped to $28,312, compared with a revised $28,372 at the end of April.
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Electric trucks are hitting the market as manufacturers struggle to keep up with consumer enthusiasm and demand, according to a Recurrent study.
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May’s CPO sales result is the lowest since February, also down over 22% from May 2021.
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An iSeeCars study found that purple- and red-colored cars hold their value the best in the sedan segment. But would you acquire them for fleet?
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The average price paid for a new vehicle in the U.S. last month was the second-highest on record, behind only December 2021, when average transaction prices reached $47,202.
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Anthony Jasiak has worked at operations in New Jersey and South Carolina during the last 25 years.
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All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
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Broken down, government fleets were up 5.9% YOY, commercial fleets down by 0.1%, and rental fleet volume down 33% from last May.
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