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Newsby News/Media ReleaseOctober 17, 2023

Wholesale Used Vehicle Prices, Consumer Confidence Dip

Almost all major market segments saw seasonally adjusted prices that were again lower year over year in the first half of October.

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Newsby News/Media ReleaseOctober 12, 2023

EV Sales Hit Another Record as Tesla Sales Share Tumbles

Total 2023 EV sales will likely surpass the milestone one million mark next month as the electric vehicle market transforms due to more product and supply and downward pricing pressure.

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Newsby News/Media ReleaseOctober 9, 2023

Used Vehicle Supply Tightens as October Starts

The overall used-vehicle inventory volume is still considered limited and has been stuck in the 2.2 million to 2.3 million range for the past four months.

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Newsby News/Media ReleaseOctober 6, 2023

Used Vehicle Values Showing Balance After Steep Declines in Q2

The fourth quarter should bring stable pricing among buyers and sellers, which should reflect only modest changes between now and the end of the year.

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Newsby News/Media ReleaseOctober 5, 2023

New Vehicle Supply Rises Despite UAW Strike

Since the labor actions started Sept. 15, the U.S. has ample inventory for now from the Detroit automakers that should keep steady supply through the end of the month. The all-important Ford F-150 had 97 days of supply at the start of October.

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Newsby Lauren FletcherOctober 4, 2023

September Sales Rising Across Fleets

Car, truck, and SUV sales from nine automakers into large rental, commercial, and government fleets increased 26% in September compared to the previous year.

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Newsby News/Media ReleaseSeptember 29, 2023

September Sales Forecast To Be Up YOY Despite Setbacks

Sales in Q3 are expected to surpass 3.9 million, a jump of more than 15% from the same timeframe one year ago.

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Newsby News/Media ReleaseSeptember 26, 2023

Buy and Sell Used EVs on New Online Marketplace

Plug is an online used EV wholesale marketplace to facilitate the buying and selling of used EVs among dealers.

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Newsby News/Media ReleaseSeptember 19, 2023

Wholesale Used-Vehicle Prices Rise in First Half of September

During the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 0.3%, which was less than half of the normal decline for this time of year.

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NewsSeptember 15, 2023

How Will UAW Strike Affect New, Used, and Rental Vehicles?

Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.

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