While inventory is up substantially compared to 2021 and 2022 levels, it remains low by historical standards.
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The market is riding upward trends in inventory and sales, although average prices have dropped in the quarter after three straight quarters of increase.
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Tesla’s share fell below 60% for the first time, but the No. 2 seller of EVs in the U.S. – Chevrolet – is a distant second. Numbers will fuel the budding used EV market further.
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The provider's transportation ordering solution has the potential to improve efficiency, save time, and enhance the post-sale experience for dealers on Pipeline.
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Compared to the start of the year, transaction prices for new vehicles are down 1.7%, or $865, the largest January to June tumble in the past decade.
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The Manheim Market Report values saw above-average declines that were relatively consistent, with values declining almost 4% in the last four weeks.
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With production levels returning to normal and retail demand only modestly improved, sales to fleet channels have increased dramatically.
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Transactional ratings are a new way for shippers and carriers to rate their experiences for every dispatched load, helping to establish further trust between them.
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A promotion, a new hire, and a candidate search are combining to help the auction technology provider grow its service levels.
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The International Automotive Remarketers Alliance has lined up speakers and sessions for its annual Summer Roundtable, ready to take on the most pressing issues and challenges facing the industry.
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