Staff
Editorial
Our team of enterprising editors bring years of experience covering the fleet industry. We offer a deep understanding of trends and the ever-evolving landscapes we cover in fleet, trucking, and transportation.
Editorial
Our team of enterprising editors bring years of experience covering the fleet industry. We offer a deep understanding of trends and the ever-evolving landscapes we cover in fleet, trucking, and transportation.
Despite lower production, there are more vehicles ready to be sold due to sales losing momentum since June.
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But sales are declining as car shoppers face limited inventory, high prices and historically low incentives.
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The profit index sets another record high, while the price pressure index increased modestly.
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CPO sales are up 12% versus the same time in 2020 and are marginally above the same period in 2019 when a record-high 1,900,589 units were sold.
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The regional acquisition expands the independent auction group's fixed site and mobile sales portfolio.
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The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
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August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
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A solution from Tractable accelerates any process in which inspecting a vehicle’s condition is required, from purchasing or selling, returning a rental or lease, to recycling parts at end-of-life.
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The automotive remarketing sector is seeing big changes due to an increased use of technology, evolving vehicle mix and shifting expectations from buyers and sellers.
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The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
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