Fleet sales have helped underpin the market improvement so far this year. Forecasts suggest fleet sales could increase by more than 40% year over year,
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While CPO outperformed total and retail used-vehicle sales in May, CPO sales are most likely muted due to high prices, declining credit availability and high interest rates.
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After 25+ years in Las Vegas, the Conference of Automotive Remarketing hits the road for 2024, landing at a resort in Phoenix, Arizona.
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Jim McAnally has held key positions for companies such as Manheim, Toyota/Lexus, and XLerate Group.
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The major auction company expands its national footprint with a new acquisition, gaining access to a six-lane arena, reconditioning facility, and mechanical services.
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The unified platform creates one of Canada’s largest digital wholesale marketplaces for used vehicles, providing buyers and sellers with easier transactions.
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The independent auction group's EDGE Spark platform centralizes all auction data, putting insights at the user’s fingertips.
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All major market vehicle segments saw seasonally adjusted prices that were lower year over year in the first half of June.
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The average price likely will stay relatively high since few new vehicles have been sold in recent years, and little leasing was done.
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Days' supply increased due to a slight weakening in sales toward month-end. Despite a decline in the average listing price, it remained above $47,000.
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