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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Vehicle transportation provider MetroGistics has promoted four executives following the company's planned merger with AmeriFleet, the St. Louis-based company has announced.
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Wholesale used vehicle prices in December averaged $10,642, which was essentially flat from the month before but a 3.9% increase over the same period in 2015, according to ADESA. Truck prices were down 0.6% in December.
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Both cars and trucks saw lower levels of depreciation last week. Sub-compact and mid-size crossovers/SUVs dominated in the truck segment and compact cars continued to show some of the lowest levels of depreciation in the car segment, according to Black Book.
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Automotive Finance Corp. has promoted Joe Keadle to COO as well as created a new position for Paul Kramarz, who has joined the company as senior vice president of risk, according to the company.
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The 3.1% year-over-year increase in new-vehicle sales in December was more than enough to push the industry’s annual sales tally above the 17.5 million-unit mark for 2016, according to Autodata Corp.
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Nearly half of consumers (48%) prioritize in-vehicle technology over brand and body style, according to the 2017 Autotrader Car Tech Impact Study.
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In December, the average mileage on rental risk units sold (38,600 miles) was similar to recent months, but it was 13% lower than a year ago, according to Manheim. The Manheim Index for December finished at 124.9, a decline of 0.6% year-over-year.
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Small cars are making a comeback to open the year, and Black Book believes the segment could be in for a good spring.
Read More →The merger will consolidate the fleet-related services of both companies with the goal of targeting new markets and service lines.
Read More →Copart, Inc. is adding auction locations in Wyoming and Colorado, as well as expanding its Missouri auction.
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