Falling: Used Vehicle Prices and Inventory
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Former theme park executive and leadership coach Joel Manby details the principles behind leading a business with love as a verb and source of action during a keynote address at the Conference of...

Leading with Love Puts a Company Culture Out Front

CAR 2024: The surest path to profits and business stability results from supporting and treating employees with dignity, a corporate executive and keynote speaker shows.

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Sales during the first five months of the year reached 2.89 million units, a 9% improvement over 2023’s five-month total. - Graphic: AuctionNet

Auction Sales So Far Keep a Steady Pace Over 2023 Levels

More used commercial vehicles are being remarketed this year, especially from rental fleets, as fleets replace old vehicles with new ones.

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The major market segments all experienced seasonally adjusted prices that were down year over year in May. - Graphic: Cox Automotive

Wholesale Used Vehicle Market Prices Fall Below Benchmark Level

While some weakening in the market over the Memorial Day weekend is seasonally normal, May saw more market softening in the latter half of the month.

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The average used-vehicle listing price was $25,670, up slightly from the revised $25,534 at the start of May but down 6% from a year earlier. - Graphic: Cox Automotive

Strong Used Vehicle Sales Lower Inventory

Affordability remains challenging for consumers, and supply is more limited at lower price points.

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Wholesale vehicle pictured in parking lot available for real-time digital online sale.

OPENLANE New Format Speeds Up Vehicle Wholesaling

The tool allows sellers to indicate they are committed to selling a vehicle that same day, and buyers can spot ready deals.

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The $4.2 million 4 Star Auto Auction facility leverages Manheim’s technology, expertise, and staffing. - Photo: Manheim

Auction News Roundup: Manheim, Servnet, and AMS Make Deals

The latest developments from these companies involve client auctions in Texas, Oklahoma, and Alabama.

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The site is fully responsive, enabling views on mobile, tablet, and desktop devices. - Photo: DAA

Dealers Auto Auction Group Launches New Website

The site includes refreshed content to on the latest auction updates, company news, and community initiatives.

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With EVs, fueling is a core concern. Slow charging is the ideal, as consistently quick charging degrades the battery faster, but quick charging can’t be avoided altogether. - Photo: Fleetio

How to Plan for Fleet Electrification Amid Challenges

Evaluating the workload, usage, and total cost of ownership of vehicles across a fleet helps managers understand where to incorporate EVs for the best results.

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