High-End Fleet Salaries Reach All-Time High
There was a jump in fleet managers who reported seeing a decrease in their salaries in 2020, though the majority continued to report annual salary increases.
There was a jump in fleet managers who reported seeing a decrease in their salaries in 2020, though the majority continued to report annual salary increases.
Combined sales into large rental, commercial, and government buyers were down 30% year over year in February.
FastLane will be the anchor asset for EBlock to expand its reach by enabling digital dealer-to-dealer buying and selling, positioning EBlock for further reach in the U.S. Midwest.
The agreement is closely aligned with KAR’s digital strategy, and will allow KAR to focus on its portfolio of digital marketplaces.
Production will increase with an easing of the chip shortage later this year and sales will rise. Prices will stay high but likely off their records.
But average transaction prices still linger above MSRP as supply holds steady at the same level since Thanksgiving and customer demand remains strong.
The first year of accumulated metrics from AutoIMS consignors and auctions points to a continued supply chain squeezing vehicle prices and mileage higher.
The last two weeks of 2021 saw intense consumer demand for light commercial vehicles in the UK, driving average stock values to their second highest levels of the year.
Sales of pure battery-electric vehicles jumped 72% to a record 147,799, the best quarter ever for EVs.
Available vehicle inventory inched higher, edging closer to normal. Key stats: 2.38 million unsold vehicles, 51 days' supply, 69,737 average mileage.
The Cox Automotive Insights team looks at key industry trends ahead that overall point to a healthy year.
Analysis: A big drop of 20% to 30%, as one report suggests, is highly unlikely. History tells us a decline of more than 10% is rare indeed.
The average price paid for a new non-luxury vehicle in December 2021 was $43,072, slightly down from the record high set in November but still $900+ over sticker.
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