CAR 2023: This big picture spanning OEMs, suppliers and vehicle markets will help inform business strategies that involve the macro-trends redefining the industry.
The new technology evaluates each electric vehicle and provides VIN-specific information, which is vital in capturing accurate information about the health of the battery.
The financial risks and setbacks are piling up for the online used car retailer that gobbled up ADESA auctions last year in a deal wracked with massive debt.
Analysis: Starting in 2023, the effects of the pandemic-driven slowdown and the changes in leasing will affect the used-vehicle supply by mid-decade.
Compared to last month, wholesale used vehicle prices are down 1.3%, but year over year, prices are up 10.7%.
Year to date, the total used-vehicle market is on pace to finish down more than 10% from 2021’s 40.6 million total.
But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
Seasonally adjusted rates point to an inventory mix with more newer vehicles, which means fewer affordable options.
Cox Automotive is forecasting a strong year for CPO at three million units, an increase year over year and above the record set in 2019.
With the help of industry experts, Automotive Fleet takes a look at the current state of the used-vehicle market and what the near future may hold.
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