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Used Fleet Vehicle Values Rise 1.9% in January

Used Fleet Vehicle Values Rise 1.9% in January

The average sale price for used vehicles from fleet leasing consignors increased 1.9% to $12,706 in January from the prior month and 3.9% from January of 2018, according to Tom Kontos, KAR's chief economist.

February 14, 2019

Online Auction Sales Marched Higher in 2018

Online Auction Sales Marched Higher in 2018

Online sales of used vehicles in the wholesale market likely exceeded 2 million in 2018, as remarketing technology made it easier for dealers to evaluate, bid, and buy vehicles beyond physical auction locations.

January 30, 2019

Wholesale Vehicle Prices Soften in November

Wholesale Vehicle Prices Soften in November

Overall average wholesale prices softened in November from a year ago mostly due to 2017 prices that were elevated due to increased demand from hurricanes Harvey and Irma, even though values of former fleet vehicles increased, according to Tom Kontos, KAR Auction Services' chief economist.

December 14, 2018

Commercial Fleet Sales Increased 10.3% in October
Spireon Sold to N.Y. Private Equity Firm

Spireon Sold to N.Y. Private Equity Firm

New York-based Greenbriar Equity Group has acquired Spireon, Inc. from Bertram Capital, a San Mateo-based equity firm that has presided over the expansion of the telematics provider.

October 11, 2018

Vehicle Loss From Florence Expected to Reach 20,000

Vehicle Loss From Florence Expected to Reach 20,000

After the heavy rains brought by Florence to the Carolinas stopped, estimates about the number of vehicles that were destroyed by the storm began to roll in that made it clear the storm would have far less of an impact that the pair of storms that reached Texas and Florida a year ago.

September 21, 2018

Hurricane Florence Closes N.C. Auctions

Hurricane Florence Closes N.C. Auctions

Several North Carolina used vehicle auctions closed as a result of Hurricane Florence sweeping into the state, while others shifted to online sales or delayed on-site sales.

September 17, 2018

Used Fleet Vehicle Prices Rise Incrementally

Used Fleet Vehicle Prices Rise Incrementally

Wholesale vehicle prices for former fleet vehicles at auction increased 0.8% in May from April and have increased 6.8% from a year ago in a "seasonally strong" market, according to Tom Kontos, KAR Auction Services' chief economist.

July 2, 2018

Fiat Chrysler to Establish Captive Finance Company

Fiat Chrysler to Establish Captive Finance Company

Fiat Chrysler Automobiles will establish its own captive finance company by 2022 in a move that could involve the purchase of Chrysler Capital from Santander Consumer USA, the companies have confirmed.

June 1, 2018

Fiat Chrysler to Electrify 30 Models by 2022

Fiat Chrysler to Electrify 30 Models by 2022

Fiat Chrysler Automobiles unveiled a wide-ranging plan to electrify 30 of its models by 2022 and launch several new vehicles, including a midsize pickup and three-row Jeep SUV, as the company enters a new phase of financial health.

June 1, 2018

VehicleRemarket.com Overhaul Adds Topics

VehicleRemarket.com Overhaul Adds Topics

Bobit Business Media's VehicleRemarket.com has undergone a complete redesign that makes the website a robust, efficient resource for consignors, auctions, and other remarketing professionals.

May 17, 2018

Vehicle Dependability Improves 9%: J.D. Power

Vehicle Dependability Improves 9%: J.D. Power

Buick and Lexus ranked highest in overall vehicle dependability, which improved 9% overall in the past year, according to J.D. Power's annual Vehicle Dependability Study. Fleets using a three-year replacement model may benefit from higher resale prices.

February 14, 2018

New York Auction Sells Trio of Last Oldsmobiles

New York Auction Sells Trio of Last Oldsmobiles

A Florida dealer and Oldsmobile collector has purchased three sedans that were the last of their kind from one of the automotive industry's oldest nameplates when General Motors ceased production in 2004.

January 5, 2018

Used Car Market Should Grow 1% in 2018

Used Car Market Should Grow 1% in 2018

The used vehicle market should grow about 1% in 2018 bolstered by a federal tax cut and influx of utility vehicles, while new vehicle sales are expected to remain flat, according to Cox Automotive's senior economist.

December 27, 2017

Nissan Names Gleason Fleet Sales Director

Nissan Names Gleason Fleet Sales Director

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.

December 13, 2017