Cox Automotive Names Sales Exec, Predecessor To Retire
Peter Grupposo succeeds Holly Capps overseeing the commercial sales, dealer sales and market insights teams for Manheim and NextGear Capital.
Peter Grupposo succeeds Holly Capps overseeing the commercial sales, dealer sales and market insights teams for Manheim and NextGear Capital.
Wholesale prices had been moving downward for most of the year and decreased 4% in August from July, widening the divergence with retail prices.
But don't get too excited. Days supply is still far below historical levels and production has yet to catch up to demand.
Year to date, the total used market is on pace to finish the year down more than 12% recorded in 2021.
The annual National Auto Auction Association Convention returned last week after a three-year in-person hiatus where it recognized numerous achievements among industry members.
The average price paid for a new vehicle in America now tops $48,000. Supply of popular segments – like subcompacts, hybrids and EVs – remain low.
DAAG expands its footprint to nine locations throughout the Southeast.
Combined sales into large rental, commercial, and government fleets were up 14.6% year over year in August.
Sales into commercial fleets were up 37% and sales into government fleets were up 28% last month compared to August 2021.
Cox estimates that used retail sales increased 11% in August from July and that used retail sales were down 9% year over year.
The companies are collaborating on an electric vehicle-specific valuation influenced by the condition of the battery, the most expensive part of an EV.
An iseecars.com study finds electric car prices saw an increase of 54% in July from the same month last year while gas-powered cars were up just 10%.
The partnership between Cox Automotive Mobility and Spiers New Technologies adds new service centers to support the transition to electric vehicles.
CAR 2023 has entered the planning stage and seeks industry ideas for panel topics, seminars, and presentations.
IARA Summer Roundtable: The International Automotive Remarketers Alliance recently found far more questions than answers on how to value and handle the coming wave of used electric vehicles.
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