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New-Vehicle Inventory Soared Amid CDK Cyberattack
In June, new-vehicle inventory days’ supply surged to 116 days. Supply of unsold new vehicles increased 52% over last year to stand at 2.91 million units at the start of July. Inventory is increasing primarily…
Used Construction Equipment Inventory Reaches Pre-Pandemic Levels Amid Sector Recovery
Inventory of used construction equipment has rebounded to pre-pandemic levels. More equipment has become available as projects are completed, leading to a surplus in the market, amongst other factors, according to Equipment Finance News. The…
Global M&A Activity Surges to $1.5 Trillion in YTD 2024, led by the US
Global merger and acquisition deals reached $1.5 trillion in the first half of 2024, a 22% increase from the previous year, driven by a surge in US takeovers and large deals over $10 billion. Despite…
Personal Loans Surge to Historic Highs
Personal loans in the U.S. have reached historic highs in terms of interest rates, balances, and the number of loans. Over 23 million Americans currently hold unsecured personal loans, at an average balance of nearly…
April 2024: Wholesale Used-Vehicle Prices Dip Amidst Retail Sales Fluctuations
In April 2024, wholesale prices for used vehicles dropped compared to the previous month and the same period last year. The Manheim Used Vehicle Value Index fell by 14.0% year-over-year to 198.4. Depreciation rates were…
