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A CEO who specializes in AI technology brings his global perspective and previews his upcoming session at the International Car Rental Show. [VIDEO]
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Consumer confidence plunges worse than expected across leading indexes after tariffs and added import duties seep into automotive markets.
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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 sales slightly stronger than expected, tight supply, and prices at about 6% below last year, these factors are expected to prevent any substantial decline in wholesale prices through year-end.
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Sales into commercial fleets were up 37% and sales into government fleets were up 28% last month compared to August 2021.
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All major market segments saw seasonally adjusted prices that were higher year over year -- but declined -- in the first half of August.
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EV shopping increased the most among non-luxury buyers – those hit hardest by higher gas prices – and for electric SUVs versus cars.
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