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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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CPO sales are up 12% versus the same time in 2020 and are marginally above the same period in 2019 when a record-high 1,900,589 units were sold.
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The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
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August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
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A solution from Tractable accelerates any process in which inspecting a vehicle’s condition is required, from purchasing or selling, returning a rental or lease, to recycling parts at end-of-life.
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The automotive remarketing sector is seeing big changes due to an increased use of technology, evolving vehicle mix and shifting expectations from buyers and sellers.
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The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
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The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
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In its 20th anniversary year, the International Automotive Remarketers Alliance showcased some of its most accomplished industry professionals.
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Second quarter numbers show emerging competition for buyer choices as more models enter the market.
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KAR expects to be immediately profitable across its North American dealer-to-dealer platforms while enhancing its position in the highly fragmented wholesale used vehicle market.
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