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The luxury vehicle share sold increased to above 18% of total sales, lifting overall industry ATP, while non-luxury vehicle buyers on average paid more than $500 above sticker price.
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GM has overtaken Ford as the leader in the commercial channel, Ford remains on top in government fleet sales, while Stellantis’ share dropped.
Read More →Declines in Manheim Market Report prices, days' supply, and average daily sales conversion rates are following typical patterns for November.
Read More →Days’ supply climbed to 49, the highest since May 2021. The question now is: Will demand keep up with supply?
Read More →Higher rates are already shifting access to vehicles and financing towards wealthier consumers as overall affordability declines.
Read More →The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.
Read More →All eight major market segments saw seasonally adjusted prices that were lower year over year in October.
Read More →Some manufacturers may be shifting more of their sales to fleet as they see retail sales soften due to consumer economic concerns.
Read More →The slowing economy has driven average vehicle sale and floor prices past a turning point compared to last year.
Read More →Analysis: Starting in 2023, the effects of the pandemic-driven slowdown and the changes in leasing will affect the used-vehicle supply by mid-decade.
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