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 lack of new-vehicle inventory is steering many dealers and consumers into the used-vehicle market, resulting in higher prices for both wholesale and retail used vehicles.
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The collaboration promotes safe deployment of second-life use for Xos battery packs nearing end-of-life.
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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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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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Second quarter numbers show emerging competition for buyer choices as more models enter the market.
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The decrease in U.S. auto sales is due to historically low new-vehicle inventory levels, which are over 50% lower than they were a year ago.
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Tight new-vehicle supply puts upward pressure on new-vehicle transaction prices. Affordability hits 10-year low in July.
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As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
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