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Wholesale prices had been moving downward for most of the year and decreased 4% in August from July, widening the divergence with retail prices.
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But don't get too excited. Days supply is still far below historical levels and production has yet to catch up to demand.
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Year to date, the total used market is on pace to finish the year down more than 12% recorded in 2021.
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Powered by CarTrawler’s technology, Uber Rent allows U.K. Uber app users to rent vehicles locally in the U.K., as well as in Spain, Portugal, Italy, the U.S., and Switzerland.
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The opening of a new ‘UFOBay’ at Frankfurt's airport allows travelers to rent an EV 24/7 via UFODrive's mobile app.
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The international rental operator announced two new Florida locations: Tampa airport and Miami beach.
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Through this agreement, Getaround carsharing hosts who sign up on GO are eligible for a per-car rebate, worth up to $1,200 per vehicle.
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The annual National Auto Auction Association Convention returned last week after a three-year in-person hiatus where it recognized numerous achievements among industry members.
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The average price paid for a new vehicle in America now tops $48,000. Supply of popular segments – like subcompacts, hybrids and EVs – remain low.
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After success with parent company Stellantis, Maserati announced it will partner with TSD Mobility Solutions for a service loaner vehicle program.
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