Manheim Prepares to Meet Future Growth of Electric Vehicles
The auction company has created infrastructure as part of its electrification plans for service and support of electric vehicles for clients.
The auction company has created infrastructure as part of its electrification plans for service and support of electric vehicles for clients.
All major market segments saw seasonally adjusted wholesale price increases in September, while sales into fleets were down 21% year over year in September.
The lack of new-vehicle inventory is steering many dealers and consumers into the used-vehicle market, resulting in higher prices for both wholesale and retail used vehicles.
The mobile experience makes it simpler and easierto access and participate in live, auctioneer-led sales from any location.
The collaboration promotes safe deployment of second-life use for Xos battery packs nearing end-of-life.
After edging higher for a couple of months, available supply dipped by the end of August.
The new information is part of the company's efforts to provide clear, accurate and actionable data in vehicle inspections.
Commercial clients stand to benefit from more streamlined and standardized reporting and timely performance results.
Tight vehicle inventory continues to vex the auto industry while high prices deter buyers.
Despite lower production, there are more vehicles ready to be sold due to sales losing momentum since June.
But sales are declining as car shoppers face limited inventory, high prices and historically low incentives.
The profit index sets another record high, while the price pressure index increased modestly.
CPO sales are up 12% versus the same time in 2020 and are marginally above the same period in 2019 when a record-high 1,900,589 units were sold.
The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
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