News
Used EVs Strengthen Overall Electric Vehicle Market
The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
Read More →The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
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Cox Automotive has named Grace Huang as president of Cox Automotive Inventory Solutions, which includes brands such as Manheim, Ready Logistics and RMS Automotive, according a company announcement.
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The average wholesale value of cars and trucks saw little depreciation last week, as lane activity has increased as a result of the recent hurricanes, according to Black Book’s Sept. 25 Market Insights report.
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By analyzing 347,000 vehicle sales from a 30-day period of auction sales, AutoIMS found that the average total charge amount per vehicle during this period was $385.
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CitiFinancial Credit Company has agreed to pay $907,000 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by repossessing 164 cars without first obtaining the required court orders.
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Franchise dealers now view the used car market more optimistically than the new vehicle market, according to a new sentiment index from Cox Automotive. The finding speaks to the current shift of car buyers with prime and subprime credit toward the used market.
Read More →Autotrader has named its top eight certified pre-owned (CPO) programs for September.
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Continued consignment growth from insurance and non-insurance business contributed to a strong fourth quarter for Copart.
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The funding, provided by TRP Capital, will help the company expand retail locations that serve corporate fleet customers including fleet management companies.
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Fleet lease consignor prices moved higher in August, increasing 1.4% over July and 2.3% through the first eight months of the year compared with 2016, according to the Sept. 20 Kontos Kommentary.
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Nearly 1,600 of KAR’s 17,400 employees are located in Indiana, and the new location provides space for an additional 400 jobs.
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