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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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On a year-over-year basis, all major market segments saw seasonally adjusted price increases in July.
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Large rental, commercial, and government purchases of new vehicles increased 6% compared to this time in 2020, but decreased by 40% from the same time in 2019.
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The annual conference will offer plenty to talk about and act on as the remarketing industry strategizes for a reset marketplace.
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The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
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Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
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For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
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Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
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The pilot program underway at two sites to expand capabilities will provide more vehicle data to clients.
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Market watchers had been expecting this slowdown to come earlier in the summer, but deals could still be made. Now there just isn’t enough product available.
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Digital transactions have grown tremendously at XLerate over the last five years, and digital is a key component of its omnichannel, go-to-market strategy.
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