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James McKinley of City Rent a Truck was named the inaugural Fleet Value Champion at the CAR Conference for his data-driven approach to fleet lifecycle management and vehicle remarketing.
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The merger will consolidate the fleet-related services of both companies with the goal of targeting new markets and service lines.
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Depreciation trends stabilized to close out 2016, with depreciation rates for all cars and trucks falling into seasonal patterns.
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Five model years of used vehicles depreciated 2.3% in November, which showed a slight improvement from October and remained in line with the typical weakening of values at this time of year, according to Black Book data.
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With Canadian membership its fastest growing segment, the IARA wanted to give credence to the “International” part of its name by holding its first Roundtable Conference outside the U.S.
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MetroGistics has promoted Craig Clayton to vice president of information technology, the vehicle logistics provider has announced.
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Registration for the 2017 Conference of Automotive Remarketing (CAR) is now officially open, and those who register early can save $100 by signing up before Feb. 3. The 22nd annual CAR conference will be held Mar. 1-2 at the Paris Las Vegas Hotel.
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ALG has named Land Rover and Subaru as the winners of the 2017 Residual Value Awards (RVA). Land Rover earned the top Premium Brand award, while Subaru was honored as the top Mainstream Brand.
Read More →Wholesale used-vehicle prices declined in October 0.7% and non-seasonally adjusted prices declined 2%, showing a downward trend for all vehicle segments in recent months.
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Depreciation for 1- to 5-year-old vehicles saw a significant increase to 2.9% for October from the 2.3% September rate with passenger cars seeing greater weakness, according to Black Book.
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GM’s redesigned Duramax 6.6L turbo-diesel offers a number of advantages to fleets including increased horsepower and torque, and fleets are showing interest in the new engine, which will be available in the 2017 Chevrolet Silverado HD.
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