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Surprice Opens Two Rental Branches In Japan
The launch highlights the global car rental operation’s growing presence in Asia.
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SEARCHMENUSEARCHThe launch highlights the global car rental operation’s growing presence in Asia.
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TradeRev chooses one of its co-founders who brings deep experience in the retail and wholesale sides of the automotive marketplace.
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CAR 2022 IARA Session: Look for new avenues and platforms for buying and selling used vehicles among consignors, auctions, and dealers.
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The EV battery analytical firm is attracting investments that will help bring its data gathering and electric usage insights to a wider array of industry clients and partnerships.
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But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
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At the end of March, the average listing price was $27,246, off record levels in December when it surpassed $28,000. The list price was down some from the end of February when it was a revised $27,609.
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The pilot program goes national to give clients more detailed vehicle information to make smarter buying decisions.
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Consumers have paid more than MSRP for each of the last 10 months, whereas one year ago, non-luxury vehicles were selling for more than $1,300 under MSRP.
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The second quarter – especially April – will be the strongest part of the year for used vehicle sales and values, and then slow down but not crash.
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On a month-over-month basis, all major segments saw seasonally adjusted price declines, with pickups declining the most.
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Fleet share of total sales was 15% in March 2022, up nearly 2% from the March 2021 fleet share, but the number of vehicle sales remained down 11% year over year.
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