Can you feel the automotive advancements this week? Read why there are no worries for the CPO market, how Lyft is leading the pack in data transparency, and why car sharing is the new industry craze.
FROM REUTERS: U.S. Auto Sales Seen Slipping in July – J.D. Power, LMC Automotive
July continues to follow in the circle of sales: average transaction prices have risen above $33,000 although analysts predict another decrease in volume as vehicles average 73 days-on-lot.
FROM AUTOMOTIVE NEWS: ’19 CPO Sales Edge Up
An industry peak in off-lease vehicles has lead CPO sales to hit 1.4 million units in the year’s first half – a 1.2% increase, and a sign that vehicle affordability isn’t just a passing craze for consumers.
FROM TECHCRUNCH: Lyft Opens to the Public Autonomous Driving Data Set from Its Level 5 Self-Driving Fleet
The ride share giant is looking out for the pack by publicly releasing over 55,000 3D frames of footage collected by its autonomous units. The offering is an attempt to encourage data sharing and spark innovation across the industry.
FROM AUTO REMARKETING: Report: Car-Sharing Market Valuation to Top $12B by 2024
Can you feel the trends tonight? The industry is buzzing on how to capitalize on the environmentally-friendly car-sharing craze by incorporating it into current dealership models.