Vehicle Damage Detection Getting Smarter with AI
The fast-moving merger of digital and smart technologies is leading to more accurate vehicle inspections, thereby reducing liability, disputes, and losses for remarketing and rental car businesses.
The fast-moving merger of digital and smart technologies is leading to more accurate vehicle inspections, thereby reducing liability, disputes, and losses for remarketing and rental car businesses.
After a 41-year career at Cox Automotive, current CFO Mark Bowser will retire this year and Senior Vice President of corporate development Scott LeTourneau will take his place on September 19.
U.S. fleet sales for August were strong and reached levels for the month not seen since 2019.
The purchase will integrate RCG Logistics under the ACERTUS brand and is the fourth transaction for ACERTUS whose parent company MetroGistics previously acquired MetroTitle, Amerifleet, and McNutt.
All-electric vehicles will not be an all-or-nothing option as many market and technological factors will influence the course of fleet electrification.
While the risks of an EV “thermal event” are far lower than gasoline tank fires, the rare occurrence can turn into an all-consuming catastrophe.
IARA Summer Roundtable: From the latest vehicle market dynamics to technology influences to electric vehicle shortfalls, the International Automotive Remarketers Alliance bonded over the big issues while teeing up member and industry growth.
Studies show the importance of brand strength, which is true in the full-size pickup truck segment where brand loyalty often runs deep and fierce.
The conversion rate indicates that the first 15 days of August saw buyers with more bargaining power for this time of year.
While the total supply of unsold used vehicles is down from the same time a year ago, they are up from the end of June.
The average listing price of a vehicle remained above $47,000 since April, while the ATP of a new vehicle in July was $48,334 compared with $48,671 in June.
Long brings years of experience and strong industry connections as a former executive director of the International Automotive Remarketers Alliance and previously of the National Auto Auction Association.
The deal further positions Cox Mobility in the fleet maintenance sector and expands its servicing of light, medium, and heavy-duty trucks and trailers.
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