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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The last several months have closely followed 2019 levels, the last normal year, which means dealers are balancing their inventory to the sales rate and keeping days’ supply steady even as total supply improves.
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Visa's global system will be added to Car IQ Pay vehicle wallet, which enables merchants to accept payments from fleets, cars, and trucks.
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While inventory is up substantially compared to 2021 and 2022 levels, it remains low by historical standards.
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The market is riding upward trends in inventory and sales, although average prices have dropped in the quarter after three straight quarters of increase.
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Tesla’s share fell below 60% for the first time, but the No. 2 seller of EVs in the U.S. – Chevrolet – is a distant second. Numbers will fuel the budding used EV market further.
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Compared to the start of the year, transaction prices for new vehicles are down 1.7%, or $865, the largest January to June tumble in the past decade.
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The Manheim Market Report values saw above-average declines that were relatively consistent, with values declining almost 4% in the last four weeks.
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With production levels returning to normal and retail demand only modestly improved, sales to fleet channels have increased dramatically.
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Fleet sales have helped underpin the market improvement so far this year. Forecasts suggest fleet sales could increase by more than 40% year over year,
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CAR 2023: Two experts share the latest insights and observations on how digital processes and data are revamping the resale of used vehicles.
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