THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
Paul Clinton is the senior web editor for Automotive Fleet, Fleet Financials, Government Fleet, Green Fleet, Vehicle Remarketing, and Work Truck. He managed PoliceMag.com and led coverage of police vehicles for Police magazine. He previously covered automotive electronics as managing editor for Mobile Electronics.
The national average price of a gallon of unleaded gasoline increased 1 cent to $2.88 for the week ending July 16 and has climbed 3 cents since the Fourth of July holiday, according to AAA.
Sales of vehicles to commercial fleets from eight manufacturers increased 7.9% to 73,848 in June, while sales into daily rental sales increased 10.9% and government sales increased 9.8%.
The average price of regular unleaded has reached $2.86 per gallon, which is the highest level for the Fourth of July holiday in four years. Despite that increase, the average price has fallen 11 cents from Memorial Day levels, according to AAA.
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.
Colin Sutherland, Geotab's executive vice president of sales and marketing, speaks about telematics industry consolidation, vehicle security, and answers the question of who owns vehicle data in this interview.
The national average gasoline price fell five cents to $2.85 per gallon for the week. Gas prices have been consistently declining since Memorial Day and have fallen 12 cents in the past month. For the week, 49 states saw a decline in their average price, according to AAA's June 25 update.
Holman Enterprises appointed Bob White as president of its fleet management company ARI in late April. White comes to the role with an operational background, having served as chief operating officer and before that vice president of operations.
Geotab's leaders have positioned the company to welcome technology mega-trends that will reshape the landscape for commercial telematics in the coming years such as connected vehicles, electrification, smart cities, and data-driven analysis, co-founder Colin Sutherland told attendees of Geotab Connect earlier this month.
Hyundai will offer street fleet incentives on eight of its nameplates, including its electrified Ioniq cars and Genesis luxury sedans, according to the automaker.
The nation's average gasoline price fell three cents to $2.92 per gallon during the week ending on June 11 and has fallen four cents since the start of the month due to falling demand, reports AAA.