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Fleet share of total sales was 15% in March 2022, up nearly 2% from the March 2021 fleet share, but the number of vehicle sales remained down 11% year over year.
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The supply of unsold new vehicles as March opened was about 1.5 million vehicles less than the stock of a year ago and 2.4 million less than in 2020.
Read More →Combined sales into large rental, commercial, and government buyers were down 30% year over year in February.
Read More →The unified brand brings together a more complete array of services for light, medium and heavy-duty trucks and trailers.
Read More →KAR will shed debt and can concentrate on digital sales, while Carvana gains access to more cars and dealer relationships. But questions remain.
Read More →CAR 2022: The Conference of Automotive Remarketing panel will share perspectives on how independent auctions are handling challenges in a new industry environment.
Read More →Production will increase with an easing of the chip shortage later this year and sales will rise. Prices will stay high but likely off their records.
Read More →But average transaction prices still linger above MSRP as supply holds steady at the same level since Thanksgiving and customer demand remains strong.
Read More →Combined sales into large rental, commercial, and government buyers were down 36% year over year in January.
Read More →Analysis: The turning point in EV adoption will come as we move beyond early adopters and begin to see mainstream America choose EVs. The full-size pickup segment is where this might well happen.
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