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 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 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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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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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 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 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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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 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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TradeRev has released an update to its mobile app that will leverage KAR Auction Services, Inc. in order to bring a host of new features to its mobile platform, according to a company announcement.
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