News
Commercial Fleet Sales Contribute To June, YTD Gains
The fleet sector has boosted its vehicle purchases at a reliable pace in the first half of this year compared with 1H 2025.
Read More →The fleet sector has boosted its vehicle purchases at a reliable pace in the first half of this year compared with 1H 2025.
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Commercial and government fleets sales start the year with losses while rental fleet purchases show a healthy rise.
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Analysis/Commentary: Billions have already been deployed toward EV manufacturing, and the industry cannot walk away from it, but we need to find a way to do this profitably.
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The latest numbers on sales, days' supply, and average transaction prices show a growing EV market at the end of 2024.
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The market moves reflect an ideal blend of improved consumer sentiment, bigger discounts, and evident optimism in the market.
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Lower interest rates, more incentives, and increased incomes could not offset the effects of higher prices, which drove down affordability.
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Domestic sales of EVs benefitted from strong incentives from the automakers, excellent lease deals, and federal and state incentive programs.
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Rental fleet vehicles gained the most and totaled almost half of all fleet sales last year.
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Used EV sales rose a whopping 63% so far year over year, while new EV sales increased about 14%.
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Many buyers waiting for the best deals realize now is the time to buy a vehicle before the new Administration's possible policy changes.
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A leading vehicle consignors and remarketing group is hosting an industry session about the coming shift in electric vehicle policies under the Trump administration.
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