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Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
FastLane will be the anchor asset for EBlock to expand its reach by enabling digital dealer-to-dealer buying and selling, positioning EBlock for further reach in the U.S. Midwest.
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The agreement is closely aligned with KAR’s digital strategy, and will allow KAR to focus on its portfolio of digital marketplaces.
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Inventory has improved since last summer’s supply drought, but availability remains well below pre-COVID levels.
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The complementary deal enables the make of sustainable solar panel chargers to offer more energy density and boost the company's battery supply chain.
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The average used-vehicle listing price dipped below $28,000. The inventory volume and days’ supply are both above last year, although sales remain low.
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The latest trends in the key indicators suggest wholesale used-vehicle values will likely see further declines in the second half of the month.
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Production will increase with an easing of the chip shortage later this year and sales will rise. Prices will stay high but likely off their records.
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Consumer EV data indicates which models are most in demand and likely to command higher values. Ford revs up with four models in the Top 10 of most-shopped electrified vehicles, including the F-150 Lightning, F-150 Hybrid, and Maverick Hybrid.
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The EVCaaS program is designed to remove the burden of ownership and maintenance from the charging host.
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With record numbers of lease-holders choosing to keep instead of return their leased vehicles, the pool of available CPO-eligible inventory is lower than usual.
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