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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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A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
Read More →World Data Corp. has introduced its DATASYNC Application Programming Interface (API) data delivery system. The new tool allows companies to integrate World Data information into new or existing applications so it can be seamlessly presented to users, according to the company.
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The new Centralized Vehicle Data Repository offers a single place for remarketers to access build data, MSRP, recall, and warranty information at the VIN level — and potentially see better pricing as a result.
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Rising car depreciation put a drag on used vehicle sales, which fell in value significantly more sharply in August compared to July and August from a year ago, according to Black Book.
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Volkswagen will begin offering its new models for lower prices and provide dealers with a broader product range in a move that could lower residual values if incentives remain high, one expert told Automotive Fleet.
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Only seven of 29 hybrids offered in the 2016 model year showed a lower total cost of ownership than their gasoline counterparts, representing a sharp decline from 2012 levels, according to an analysis by Vincentric.
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The average wholesale used price in July was $10,362, a 2% decline from June but a 4.9% increase from year-ago period, according to ADESA Analytical Services.
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Used vehicles from the 2011 to 2015 model years depreciated 1.5% in July, a slight improvement over June's 1.7% depreciation rate, reports Black Book.
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Wholesale used vehicle prices increased in July despite expectations that wholesale prices would suffer in 2016 due to growing wholesale supplies.
Read More →MetroGistics has hired Terry Mollica as director of business development, the automotive logistics provider has announced.
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