New Vehicle Supply Spikes, Affordability Surges
Inventory levels reach the highest point since June 2020 while the number of buyers who can afford a new vehicle is the best since June 2021.
Inventory levels reach the highest point since June 2020 while the number of buyers who can afford a new vehicle is the best since June 2021.
A recent JD Power reliability study shows users find electric vehicles far more troublesome than gasoline and hybrid vehicles.
CAR 2024: Learn how fleets and remarketing operations along the wholesale path can benefit from the advanced skills of next-gen mechanics.
Rental fleet sales gain by a fifth compared to last year while commercial fleet sales dip by double digits.
Four years after COVID emerged, vehicle prices are easing down amid some supply kinks, electric vehicle uncertainty, rising operational costs, and AI potential.
The carrier market is ready for a transformative year in 2024 based on the industry's resilience, shifting dynamics, and early indicators of improvement.
The industry's first EV-specific valuation algorithm includes proprietary analytics from 100 million real-world EV battery data points.
Work Truck Solutions' annual review of 2023 data shows that while commercial vehicle inventory levels outpaced growth in 2023, work trucks and vans carried higher price tags - signaling that demand is still strong.
Tesla price cuts that shook up the market and challenged the profitability picture for all automakers.
In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.
While sales reached all-time highs, the oft-reported slowdown in the pace of growth is real as electric vehicles still remain too expensive for many average car buyers.
Cox Automotive welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.
The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.
The total U.S. supply of available unsold new vehicles in November climbed 57%, or 925,000 units, from the same time a year ago.
Sales incentives were up 136% year over year in November, indicating the new-vehicle market is shifting to a buyer’s market, not a seller’s market.
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