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In March, prices were down 2.5% year-over-year for current and one-model-year-old units and down 2.6% for three-model-year-old units, according to ADESA. Overall, wholesale used prices were up 2% compared to February and up 1% year-over-year.
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There was a significant drop in sold volume (both month-over-month, and year-over-year) in wholesale channels from September to November of 2020.
Read More →KAR Auction Services, Inc. has signed a definitive agreement to acquire BacklotCars Inc., an app and web-based dealer-to-dealer wholesale platform featuring a 24/7 “bid-ask” marketplace and comprehensive vehicle inspections performed by automobile mechanics.
Read More →The transaction provides the company with the funding to complete expected fleet purchases, DTG’s President and CEO Scott L. Thompson said. "It also confirms that the company is again able to access vehicle financing at competitive rates and enhancement levels and highlights our plan to lower the overall interest carry cost of our fleet consistent with our focus on return on assets," he added.
Read More →The car sharing service now has fleet on the ground in Miami, and added new vehicles to its fleet in Portland, Ore.
Read More →Electric vehicles may cost more upfront but then surpass their fossil-fueled counterparts in operational savings, according to findings from a predictive data analytics firm.
Read More →Through a partnership with E-Car Club and wind farm operators, a fleet of nine electric Renault ZOEs and one Kangoo Van ZE are now available for carsharing in the Scottish town of Stornoway.
Read More →Shanghai government awarded Didi permits to test its AV fleet on August 28.
Read More →The Hertz Corp. has announced that Hertz Car Sales Europe is an official sponsor of Murphy Prototypes for the 2014 European Le Mans Series and the 2014 Le Mans 24 Hours Race.
Read More →Move Mee customers will have access to an extensive rental and dealership management platform to manage their fleet in the best way and increase revenues instantly.
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