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October figures show buyers are much more aggressive in purchasing than is typically the case in the fall. Combined sales into large rental, commercial, and government buyers were down 24% year-over-year in October.
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Higher interest rates are likely hurting used-vehicle demand because consumers can’t afford the higher monthly payments.
Read More →Used vehicle marketplace KAR Global has now sold all of its ADESA U.S. physical auction business to Carvana. KAR will continue to operate its online auction portal Openlane.
Read More →The truth is there are tens of thousands of different vehicle-specific procedures required to ensure complete removal of one's personal information.
Read More →The new format offers features such as an improved vehicle photo gallery with a separate damages section, easier to find tire condition, and list of options.
Read More →The partnership between TSD, a rental fleet management software provider, and Zubie, a connected-car and telematics platform, will give fleet operators a connected car solution integrated with fleet management data.
Read More →Analysis: The Fed wants to see less credit flowing as part of their plan to induce pain, and it's working. Are they taking enough time to see the effects of their moves before doubling down?
Read More →All eight major market segments saw seasonally adjusted prices that were lower year over year in the first half of October.
Read More →All eight major market segments saw seasonally adjusted prices that were lower year over year in October.
Read More →Tight vehicle inventory continues to vex the auto industry while high prices deter buyers.
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