Fleet Sales Drop in July, Remain Well Below 2019 Level
Large rental, commercial, and government purchases of new vehicles increased 6% compared to this time in 2020, but decreased by 40% from the same time in 2019.
Large rental, commercial, and government purchases of new vehicles increased 6% compared to this time in 2020, but decreased by 40% from the same time in 2019.
The annual conference will offer plenty to talk about and act on as the remarketing industry strategizes for a reset marketplace.
The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
Wedbush Securities Analyst: As commercial fleets shift from gas to electric vehicles, ELMS is well-positioned to capture this industry-wide shift over the next decade.
Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
Market watchers had been expecting this slowdown to come earlier in the summer, but deals could still be made. Now there just isn’t enough product available.
The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
As more auto dealers try to save time and increase margins through digital wholesale transactions, Fyusion Technology is providing imaging for a more transparent, lower risk buying experience.
Demand has been healthy, inventories tight, and dealers have felt little pressure to lower prices.
Auctions, consignors, and transporters can use a new, connected mobile application that helps tighten the chain of custody, ease communication, and create transparency.
The fleet management company's new vehicle remarketing program shortens the needed selling time.
72% of franchised auto dealers surveyed say that finding and hiring the right employees is a challenge.
The Conference of Automotive Remarketing will be among the first wave of in-person events since the start of the pandemic.
As vintage Chevrolet trucks increase in popularity with enthusiasts, more trucks are going up for auction and sale prices for the most coveted trucks keep increasing. As we look back at 100 years of Chevy truck history, here’s a gallery of the nine most expensive Chevrolet trucks sold at Barrett-Jackson auctions to date. Photos courtesy of General Motors.
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