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Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
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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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Toyota vehicles were named as the Best Retained Value among automotive brands in 2015 in the non-luxury category, Edmunds.com has announced.
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Lincoln plans to cease production of the full-size sedan, which shares its platform with the Ford Taurus, in 2016.
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The average price of a used vehicle from the 2009 to 2013 model years fell 1.2 percent in May with several truck and van segments registering positive gains from April, according to Black Book.
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Ford Motor Company Fund has donated five Ford Transit vans to the American Red Cross to add to the company's fleet of more than 3,000 vans that support disaster relief.
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J.D. Power and the National Automobile Dealer Association (NADA) have announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business. The transaction is expected to close early in the third quarter of 2015.
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