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BBL Fleet expanded its footprint in the fleet management industry with the acquisition of Velcor Leasing Corporation of Madison through a stock purchase agreement finalized Feb. 27, 2026.
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The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
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Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
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Argo AI and Ford will deploy Ford self-driving cars, with safety drivers, on the Lyft network with passenger rides beginning in Miami later this year and in Austin starting in 2022.
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For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
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Watch Automotive Fleet discern fleet trends by following the money in asset acquisition, fuel, tires, and vehicle maintenance in this episode of State of the Fleet Industry.
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Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
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Market watchers had been expecting this slowdown to come earlier in the summer, but deals could still be made. Now there just isn’t enough product available.
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Digital transactions have grown tremendously at XLerate over the last five years, and digital is a key component of its omnichannel, go-to-market strategy.
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New analysis finds businesses and governments can grow used electric vehicles market by 40% in 2030 by transforming fleets.
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The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
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