Sales conversion continued to rise and held at much higher levels than prior years for the month as more buyers came to markets to replenish supply for used retail inventory.
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Monthly and year-to-date vehicles sales at auctions reflect strong commercial sales growth this year.
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Figures show a continued slowdown in total commercial, rental, and government vehicle sales as year-to-date sales dip below last year.
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The site includes free third-party condition reports and a variety of bidding tools.
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The industry overall is seeing a strengthening trend in wholesale used vehicle market values.
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Retail used-vehicle prices have been consistently lower through the first seven months of 2024 compared to year-ago levels.
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2021 MY off-lease vehicles are flowing into the market but will ease for the rest of this year reflecting the slower sales and leasing pace of late 2021.
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The market is starting to see lower lease maturities for the key 3-year-old segment, and those effects will be felt over the rest of this year and into 2025 and 2026.
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New automated absolute sale enables dealers to capture peak buyer demand in real time.
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The fundraiser will kick off this year’s ARA Summer Roundtable conference near Dallas with a focus on supporting industry education.
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