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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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Certified pre-owned vehicle sales accounted for 22.7 percent of used sales by dealers, setting a record for a single quarter, according to a report by Edmund's.com. Overall, the sale of used vehicles came in strong in the second quarter of 2015 at approximately $9.6 million, growing at a 5.1 percent year-over-year.
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The third-generation 2016 Toyota Tacoma base model SR will carry a retail price of $24,200 when it arrives at dealer lots in the middle of September for about a $3,000 increase over the outgoing model.
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Trucks and SUVs logged the strongest resale value during July in a month that saw lighter depreciation of 1.3 percent for 2010-2014 model year vehicles, according to Black Book.
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In his new role, Waltz will assist AFC in building upon inventory financing opportunities in specialty segments such as RV, powersports, rental, and commercial truck.
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Now, car buyers get complimentary Carfax Vehicle History Reports from subscribing dealers included with their inventory on Carpages.ca.
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Mainstream electric vehicles (EV) are depreciating much faster than their gas sister models, according to new data from Black Book.
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The Conference of Automotive Remarketing (CAR), which is produced by Bobit Business Media, publisher of Automotive Fleet, celebrated its 20th anniversary with special events and contests — and a cake provided by sponsor ServNet.
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Smaller cars showed the highest depreciation levels in June, while SUVs, pickups, and vans showed relative strength in a used-car market that's now tilted toward larger, less fuel efficient vehicles.
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Vehicle shipper MetroGistics has hired David R. Larson as executive vice president for business development and sales partner. In this new position, Larson will help the company grow its business on multiple fronts.
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Overall, used GVW 3-8 transactions from March 1, 2014 to March 31, 2015 accounted for 51.7 percent of total GVW 3-8 transactions in the U.S. market.
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