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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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CAR 2022: The Conference of Automotive Remarketing panel will share perspectives on how independent auctions are handling challenges in a new industry environment.
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The increased digital transactions since 2019 point to a wide embrace of online auction markets.
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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 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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CAR 2022: No topics are more pressing at this year's Conference of Automotive Remarketing than industry economic and vehicle sales trends coming out of a pandemic and the changes in the consignment and auction markets.
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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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