With record-high prices, low incentives, and a higher interest rate, the estimated typical monthly payment increased to a new record high at $687, which was up 20.7% year over year.
Despite constrained inventory, the used-vehicle market has been playing a key role in the automotive industry recovery.
A larger mix of SUVs and pickups helped drive up prices in November, but November was also the sixth straight month of sales volume declines.
As brokers transport more vehicles longer distances, new integration with BATS CRM will make it easier for clients to post and track loads.
Billed as the first of its kind, enterprise IoT innovation delivered by CoreKinect and Comcast’s MachineQ will help customers and employees locate vehicles faster at ADESA’s 70+ locations.
Wholesale prices appear to have peaked the week before Thanksgiving as weekly prices have declined slightly in each of the last two weeks. But retail prices continue to increase.
Looking at automakers, year-over-year changes in fleet sales differed by manufacturer, ranging from a decline of 97% to an increase of 28%.
OPENLANE iQ provides data analytics and comprehensive technology solutions for more than 40 upstream brand marketplaces.
Derek Simmerman draws on strong professional bonds he's developed among commercial consignors and auto dealers.
Analysis: On one automotive marketplace that connects shippers and transporters, the carrier cost per mile increased nearly 18% from 2019 to 2021.
Automotive privacy platform Privacy4Cars introduces a tool to delete personal information in a vehicle's system before a vehicle handoff, that can be accessed with an app or subscription service.
The third attempt at a graduation came off this month, proving how Class 6 mastered some extra challenges from the global pandemic.
It is the highest level of interest in electrified vehicles that the Kelley Blue Book Brand Watch report has ever measured. Electrified vehicles sales soar 60%.
The average listing price of about $27,000 is running 25% above year-ago levels and 38% over pre-pandemic 2019 levels.
New-vehicle inventory levels are still 63% lower than a year ago while the average transaction price hit another record.
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