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Rental Fleet Sales Skating Just Above 2025 Levels
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
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SEARCHMENUSEARCHThe U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
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Compared to last month, wholesale used vehicle prices are down 1.3%, but year over year, prices are up 10.7%.
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The typical monthly payment hits a record of $712.
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The average listing price as May closed dipped to $28,312, compared with a revised $28,372 at the end of April.
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May’s CPO sales result is the lowest since February, also down over 22% from May 2021.
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Insights from the "cereal box" workshop at the 2022 Conference of Automotive Remarketing show how consignors and auctions can be creative in accurately pricing wholesale vehicles.
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The average price paid for a new vehicle in the U.S. last month was the second-highest on record, behind only December 2021, when average transaction prices reached $47,202.
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All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
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The acquisition supports the launch of the EBlock platform in the U.S. Southeast market.
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The 16 auction operations take on the name of America's Auto Auction, which XLerate bought in January.
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Its auction segment began in 2019 and has led the two segments with triple-digit growth for three years .
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