The renaming caps an evolving strategy for consolidating online and digital auction marketplaces into a more streamlined whole that speeds up vehicle transactions.
Analysis: Starting in 2023, the effects of the pandemic-driven slowdown and the changes in leasing will affect the used-vehicle supply by mid-decade.
Compared to last month, wholesale used vehicle prices are down 1.3%, but year over year, prices are up 10.7%.
Year to date, the total used-vehicle market is on pace to finish down more than 10% from 2021’s 40.6 million total.
But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
Seasonally adjusted rates point to an inventory mix with more newer vehicles, which means fewer affordable options.
Cox Automotive is forecasting a strong year for CPO at three million units, an increase year over year and above the record set in 2019.
With the help of industry experts, Automotive Fleet takes a look at the current state of the used-vehicle market and what the near future may hold.
The collaboration promotes safe deployment of second-life use for Xos battery packs nearing end-of-life.
The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
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