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The unified brand brings together a more complete array of services for light, medium and heavy-duty trucks and trailers.
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Toyota, Ford, and GMC topped the list for pickup truck resale values.
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CAR 2022: No topics are more pressing at this year's Conference of Automotive Remarketing than industry economic and vehicle sales trends coming out of a pandemic and the changes in the consignment and auction markets.
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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.
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The average listing price of about $27,000 is running 25% above year-ago levels and 38% over pre-pandemic 2019 levels.
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New-vehicle inventory levels are still 63% lower than a year ago while the average transaction price hit another record.
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With two months left in 2021, reaching the revised Cox Automotive CPO sales forecast of 2.7 million units – and possibly matching the 2.8 million record-setting 2019 level – remains within reach.
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October figures show buyers are much more aggressive in purchasing than is typically the case in the fall. Combined sales into large rental, commercial, and government buyers were down 24% year-over-year in October.
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But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
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Learn how fleet operators are addressing the technician shortage, FleeTec Academy, and the future of maintenance in this episode of Truck Chat.
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