PHH Arval Acquires First Fleet Corp.
PHH Arval has entered into an agreement to purchase First Fleet Corp, a national provider of asset management, operational support and financial services for companies that maintain private fleets of trucks, trailers and equipment, according to www.AutoRemarketing.com.
PHH Arval has entered into an agreement to purchase First Fleet Corp, a national provider of asset management, operational support and financial services for companies that maintain private fleets of trucks, trailers and equipment, according to www.AutoRemarketing.com. Although the companies are combining, First Fleet will continue to market its brand separately. Together, PHH and First Fleet will be a provider of leasing and services to truck fleets, managing roughly 58,000 medium and heavy trucks and equipment in the United States. PHH also manages an additional 527,000 cars and trucks.
George Kilroy, president and chief executive officer of PHH Arval, said the purchase has made the company stronger.
More Remarketing
When Should a Fleet Repair Vehicle Damage Before Remarketing?
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.
Read More →
Wholesale Used-Vehicle Values Fall as Cox Automotive Cuts 2026 Forecast
Wholesale used-vehicle prices declined in September as depreciation accelerated, prompting Cox Automotive to lower its year-end forecast.
Read More →
FLD Promotes Three Executives in Leadership Changes
FLD has promoted three longtime executives, naming Gary Mott CEO, Richard Mallek president, and Ron Sanders managing partner.
Read More →
Ford Pro Launches Certified Pre-Owned Program for Commercial Vehicles
Ford Pro Advantage will offer certified pre-owned Class 1-7 commercial vehicles through more than 700 Ford Pro Commercial Vehicle Centers.
Read More →
Copart to Acquire ACV in $1.9 Billion Deal
The acquisition would expand Copart beyond its traditional salvage business into dealer-to-dealer wholesale remarketing while adding ACV’s vehicle data, inspection, and valuation technology.
Read More →
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →
Commercial Fleet Sales Contribute To June, YTD Gains
The fleet sector has boosted its vehicle purchases at a reliable pace in the first half of this year compared with 1H 2025.
Read More →
Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
Read More →
Wholesale Used Vehicle Market Sustains Moderate Rise In Values, Prices
Trends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
Read More →
Commercial Fleet Sales Still Lead Sectors Despite May Mini Dip
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
Read More →