Near-record low new-vehicle inventory and record-high prices will keep certified pre-owned units as very attractive alternatives.
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As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
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The company's second quarterly report in a row highlights key aggregate metrics for the auction industry.
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SelecTrucks is offering buyers some extra confidence during their first few months of used-truck ownership with enhanced 60-Day Buyer’s Assurance coverage.
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On a year-over-year basis, all major market segments saw seasonally adjusted price increases in July.
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Large rental, commercial, and government purchases of new vehicles increased 6% compared to this time in 2020, but decreased by 40% from the same time in 2019.
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Cheri Slaughter’s 30-year career in the auto industry spans many different roles, including fleet sales, credit union and bank account management, and operational duties.
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The Bolt EV saw a 335% sales increase in July to its highest volume ever in a second quarter at 10,857 units.
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The manufacturer of Chrysler, Dodge, RAM, Jeep and Fiat recorded a sales increase of 32% in the quarter but it's not back to pre-pandemic levels yet.
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The current low-supply, high-demand situation means finding and buying a new vehicle may be a challenge.
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