CAR 2022: Leading career accomplishments define the winners of this year’s Ed Bobit Industry Icon Award, Remarketer of the Year, and Consignor of the Year.
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The partnership leverages the wide and deep scalability of the two automotive giants so they can target new EV models to large vehicle segments, including compact crossover utility vehicles.
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Three months after acquiring America's Auto Auction, XLerate Group is promoting, moving, and hiring leaders throughout the partnered companies.
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The three general managers have proven records of success and experience in their regions that include Virginia, North Carolina, and New England.
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EV shopping increased the most among non-luxury buyers – those hit hardest by higher gas prices – and for electric SUVs versus cars.
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The collaboration will harness artificial intelligence to create accurate and consistent vehicle assessments as part of Black Widow's imaging system.
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The average listing price dipped again to $27,608, still off the December peak when it surpassed $28,000. But the average listing price was 28% above that of February 2021.
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All major market segments saw seasonally adjusted prices that were higher year over year in the first half of March.
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Seasonally adjusted rates point to an inventory mix with more newer vehicles, which means fewer affordable options.
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The supply of unsold new vehicles as March opened was about 1.5 million vehicles less than the stock of a year ago and 2.4 million less than in 2020.
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