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Disruption in the automotive industry will affect many businesses with close ties to it, including those in wholesale remarketing, health care, and accident litigation.
Merchants Fleet Management has hired a regional sales manager for northern and central California and a manager for its Merchants GuaranteeTRAC resale program, the fleet management company announced.
Hertz Global Holdings’ monthly net per unit vehicle depreciation expense decreased 13% to $302 for its U.S. operations, during its first quarter of 2018.
Prices for vehicles from fleet lease consignors increased 6.6% in March and are 4.9% higher than a year ago driven in part by a strong spring selling season that boosted the values significantly from February levels, according to KAR Auction Services.
All vehicles are Avis Certified — meaning they have passed a rigorous multi-point, bumper-to-bumper inspection process completed by certified mechanics, including ASE-Certified and ASE Master Technicians.
Revenue growth was driven by a 5% increase in total rental days and strong pricing.
Mercedes-Benz USA’s online portal — MbonDemand.com — will now feature vehicles from Sixt Rent-a-Car, a move that will allow franchised and independent dealers to source Sixt off-rental vehicles, according to a company announcement.
Ford or Lincoln vehicles have captured the most awards by a single manufacturer among the 39 vehicles named to Vincentric's Best Fleet Value in America list for the 2018 model year.
Ritchie Bros. has hired Joe Lane as its first-ever director of state and local government sales. Lane has hired two government sales representatives to join his team.
Enterprise Car Sales has joined the SiriusXM Pre-Owned Program, meaning that customers who purchase a used vehicle from an Enterprise Car Sales location will be offered a three-month subscription to SiriusXM’s All Access audio package, according to a company announcement.
It never ends; management wants cost reduction, and fleet managers must come through, year after year. Beyond those ‘hard’ costs that are easily measured are soft and hidden costs that are equally important. Here are some tips on finding, and eliminating such costs in your fleet.
Bob White, executive vice president and COO for ARI, will discuss the latest disruptions impacting the remarketing industry at the 2018 Conference of Automotive Remarketing (CAR) at Caesars Palace Las Vegas.
Wholesale used vehicle prices for vehicles from fleet or lease consignors increased 4.1% in January from the prior month, but fell 0.3% from the same month a year ago, according to the latest Kontos Kommentary.
KAR Auction Services ADESA unit is partnering with fleet management company Emkay to raise $267,000 over six years to support JDRF, which funds type 1 diabetes research.
The acquisition of STRATIM will supplement KAR’s portfolio of wholesale used vehicle physical, online, and digital auction marketplaces and ancillary service providers.