Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
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GE Capital Fleet Services honored 22 regional auctions who "contributed remarkable results" for its customers in 2013, the fleet management company announced.
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Vehicle remarketing has come a long way since J.D. Rawls held his first auction in 1938. As these 23 leaders show, the industry continues to grow and evolve.
Read More →Higher fuel prices, ongoing increases in replacement tire prices, more expensive motor oils required by OEMs, increased parts prices, and rising labor rates in high-cost markets have put upward pressure on operating costs.
Read More →Resale values for mid-size sedans are substantially higher than in 2008, as are prices for light-duty trucks and SUVs. Contributing to this rebound is a decrease in wholesale inventory, low fuel prices, and strong retail used-vehicle sales.
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