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CAR 2023: What happens when you put four remarketing economists and analysts in one room? Lots of data, predictions, trends, and uncertainty.
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While inventory is up from 2022 levels, it remains low by historical standards. Meanwhile, the estimated typical monthly payment for a new vehicle declined to $754 from the peak of $791 in Dec. 2022.
Read More →After closing out 2022 with the longest-running, sharpest decline over a single year, wholesale used vehicle prices have risen in 2023.
Read More →The movement of new vehicles into fleet increases at a consecutive monthly pace with supply freeing up after several years of constraints, according to Bobit fleet data.
Read More →Hallett served in an active 25-year career with KAR Global but he will still keep his seat on the company's board of directors.
Read More →Overall sales are up in the quarter, including for fleets. However, headwinds are growing and inventory levels are moving back above the pre-pandemic normal, suggesting a slowing of demand.
Read More →With the goal of eliminating breakdowns for its customers, the combined companies can provide fleet operations complete services backed by fleet experts and a wide provider network.
Read More →Tracking wholesale prices, used vehicle values, sales, and supply trends across the industry unveils a broad picture: We're getting closer to normalcy.
Read More →Sales into rental fleets were up 96% year over year, sales into commercial fleets were up 31%, and sales into government fleets were up 65%.
Read More →Days’ supply by end of November was 77% higher than at the same time a year ago and the highest since March 2021. While inventory is up from recent levels, it remains low by historical standards.
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