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Analysis: Consumers are repairing vehicles and holding them longer to avoid historically high used-car prices. The real question is: How long will used inventory remain tight and prices above normal?
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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.
Read More →The marketplace exclusively lists thousands of front-line-ready vehicles from fleet providers affiliated with J.D. Power, as well as inventory from dealerships, leasing, and car rental companies.
Read More →Year to date, the total used market is on pace to finish the year down more than 12% recorded in 2021.
Read More →At the 2010 Car Rental Show, Jim Tennant of the Tennant Group held a profit idea session in which six products, services and ideas were presented that operators could bring home and employ in their businesses. Seminar attendees voted on the best idea. The winner, Sarah Romanowski of Ride Share Systems LLC, received a free pass to a future Car Rental Show. These six concepts could reduce expense and boost your bottom line.
Read More →In response to the slowing demand for Toyota models in the marketplace, Kelley Blue Book has decreased the used-car values of recalled Toyotas for the second time by 1 to 3 percent.
Read More →With a lack of used vehicles and rental units returning to market, demand continues to outweigh supply. When will the market come back down to earth?
Read More →Wholesale used vehicle prices increased 0.47% month-over-month in October, bringing the mid-month Manheim Used Vehicle Value Index to 161.9, a 15.4% increase from October 2019.
Read More →The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
Read More →Wholesale prices appear to have peaked the week before Thanksgiving as weekly prices have declined slightly in each of the last two weeks. But retail prices continue to increase.
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