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.
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Editorial
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.
But days’ supply climbed to 43 in September, the highest it has been in months, on higher inventory and slower sales.
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The deal builds on KAR's growth in the dealer-to-dealer segment, enhances its profile in the fragmented wholesale used vehicle market, and accelerates the company’s overall move to digital auction marketplaces.
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The online product simulates the competitive live auction environment in a fully digitized, highly automated, live streaming format.
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The data is available by subscription on the autoniq app and showcases information on similar year, make, and model vehicles sold at auction.
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Manheim Market Report (MMR) prices saw strong gains through the first two full weeks of October. The latest trends in the key indicators suggest wholesale used vehicle values will likely see further gains in the days ahead.
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The growth of electrified vehicle sales in the U.S. is a result of more product availability and wider consumer acceptance.
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Double whammy: New-vehicle inventory falls below 1 million units in September while the average new vehicle price tops $45,000 for the first time.
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The seasonally adjusted annual rate (SAAR) of sales declined to 35.7 million, down from 40.9 million in September 2020.
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The purchase will enable the auction company to solidify its market positions and further scale in this industry through strategic investments in technology and other avenues for growth.
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The auction company has created infrastructure as part of its electrification plans for service and support of electric vehicles for clients.
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