Fleet Sales Drop by a Fifth Year Over Year in May
Broken down, government fleets were up 5.9% YOY, commercial fleets down by 0.1%, and rental fleet volume down 33% from last May.
Broken down, government fleets were up 5.9% YOY, commercial fleets down by 0.1%, and rental fleet volume down 33% from last May.
The acquisition supports the launch of the EBlock platform in the U.S. Southeast market.
The 16 auction operations take on the name of America's Auto Auction, which XLerate bought in January.
Electric vehicles and hybrids are becoming a coveted commodity as consumers turn practical about operating costs.
Its auction segment began in 2019 and has led the two segments with triple-digit growth for three years .
The digital auction company is collaborating with Thoughtworks to expand capabilities, accuracy and transparency.
The Ford F-150 Lightning, which just started deliveries to customers in March and is sold out, was the third most-shopped EV and the seventh overall among electrified vehicles.
Prices remained steady at already-elevated levels, and the conversion rate bumped up in March.
The average listing price at the end of April was $28,365, surpassing the $28,000 mark for the first time since December 2021.
The trend continues to be much worse now than a year ago when prices were notably lower and incentives were higher.
Year to date, the total used-vehicle market is on pace to finish down more than 10% from 2021’s 40.6 million total.
Orlando Longwood Auto Auction plans to install Black Widow Imaging to improve their customer experience.
Used vehicle marketplace KAR Global has now sold all of its ADESA U.S. physical auction business to Carvana. KAR will continue to operate its online auction portal Openlane.
The overall used-vehicle market is experiencing a weaker spring than expected
The International Automotive Remarketers Alliance opens registration and releases a schedule for its conference that brings together consignors, auctions, dealers, and finance companies.
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