
The tariff announcements have spurred activity that suggests the wholesale market will see a sizeable increase in the Manheim Index in April.
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Monthly and year-to-date vehicles sales at auctions reflect strong commercial sales growth this year.
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September auction sales bolstered prices through the channel, but wholesale is at a crossroads, mainly from concerns about the UAW strike possibly slowing new retail sales and moving buyers into the used market.
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With production levels returning to normal and retail demand only modestly improved, sales to fleet channels have increased dramatically.
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Fleet sales have helped underpin the market improvement so far this year. Forecasts suggest fleet sales could increase by more than 40% year over year,
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Higher interest rates, coupled with high gasoline prices and high vehicle prices, are keeping used sales in Q2 low.
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Sales of pickups and vans helped boost General Motors' June fleet sales, which increased 2 percent compared to a year ago.
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North America remained Volvo's largest market just ahead of China for 2013, as the automaker reported a 10.1% decline in sales partly due to a shift toward retail sales and away from rental fleet sales.
Read More →The ‘Ultimate Test Drive’ program lets customers test drive used Avis and Budget rental vehicles before purchasing one.
Read More →Fleet and rental sales are expected to make up 20 percent of total industry sales in October 2011.
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