Hurricanes Boosted Used Vehicle Values 2%

The hurricanes that swept through Texas and Florida destroyed and damaged as many as 900,000 vehicles, and the replacement activity that the catastrophic events spurred boosted retention by almost 2%, according Black Book.

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Cost of Owning Hybrids Improves with Varied Depreciation

The total cost of owning hybrid vehicles compared to their gasoline counterparts improved in 2017 with 40% of the models studied in Vincentric's annual analysis having a lower TCO, according to the firm.

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Carvana Expands into Fifth Fla. City

Carvana has added a fifth market in Florida in Fort Myers to the list of cities it offers next-day delivery, bringing the number of markets that Carvana is in to 42.

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Nissan Names Gleason Fleet Sales Director

Nissan North America has named Marty Gleason its director of fleet sales. Gleason comes to the role from Nissan's pre-owned and CPO division, where he was a senior manager.

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Seasonal Slide Accelerates Car and Truck Depreciation

Wholesale cars and truck depreciation has continued to accelerate through the midpoint of December, as the seasonal slide continues to take effect, according to Black Book’s Dec. 11 Market Insights.

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Late Model Year Vehicle Values Fall in November

The average price of a used vehicle from model years 2012 to 2016 depreciated in value by 2.2%, in November, according to Black Book. Year-over-year, the average value for these vehicles has depreciated by 13.2%.

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PARS Ross Replaces Langness as VP of Sales and Client Relations

PARS has named Teri Ross its new VP of sales and client relations following the retirement of Terry Langness, a fleet industry veteran who will end his tenure with the company by the end of January.

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RMS Automotive Earns Inaugural Europe International Car Remarketing Award

RMS Automotive received the award based on its RMS Automotive Inventory Management Solutions, which is a modular inventory management software that reduces risk and maximizes return on investment.

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Used Vehicle Index Rises for Third Straight Month

Black Book's Used Vehicle Retention Index for November, rose 0.3% month-over-month from 114.6 to 115.0, its third straight monthly increase dating back to August when it was at 112.6.

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Carvana Adds Second Arizona Market

Carvana has added a second market in its home state of Arizona with the addition of Tucson to its list of cities it offers next-day delivery to, according to a company announcement.

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