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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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The digital auction company is collaborating with Thoughtworks to expand capabilities, accuracy and transparency.
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Prices remained steady at already-elevated levels, and the conversion rate bumped up in March.
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The average listing price at the end of April was $28,365, surpassing the $28,000 mark for the first time since December 2021.
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Year to date, the total used-vehicle market is on pace to finish down more than 10% from 2021’s 40.6 million total.
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With a lack of used vehicles and rental units returning to market, demand continues to outweigh supply. When will the market come back down to earth?
Read More →Used vehicle marketplace KAR Global has now sold all of its ADESA U.S. physical auction business to Carvana. KAR will continue to operate its online auction portal Openlane.
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The overall used-vehicle market is experiencing a weaker spring than expected
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The International Automotive Remarketers Alliance opens registration and releases a schedule for its conference that brings together consignors, auctions, dealers, and finance companies.
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After including dealer and manufacturer fleet sales, the total fleet share of all sales was 14%, up 2% from April 2021's fleet share.
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Combined sales into large rental, commercial and government buyers were up over 4% year over year in April.
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