Four years after COVID emerged, vehicle prices are easing down amid some supply kinks, electric vehicle uncertainty, rising operational costs, and AI potential.
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The plan furthers the company's battery lifecycle management services as it meets demand from a growing new and used electric vehicle market in the U.S.
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The industry's first EV-specific valuation algorithm includes proprietary analytics from 100 million real-world EV battery data points.
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Tesla price cuts that shook up the market and challenged the profitability picture for all automakers.
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In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.
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While sales reached all-time highs, the oft-reported slowdown in the pace of growth is real as electric vehicles still remain too expensive for many average car buyers.
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Manheim expects constrained growth with a volume increase of less than 1% in 2024, indicating a return to a more normal market.
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Sales incentives were up 136% year over year in November, indicating the new-vehicle market is shifting to a buyer’s market, not a seller’s market.
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Market Snapshot: Who are EV buyers, what EV models are they purchasing, and where’s all the selling action?
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The recent Fleet Forward Conference presented updates to the fleet, used vehicle, and electric vehicle supply and demand.
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