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Sales of vehicles to commercial fleets from eight manufactures increased 12.6% to 52,439 in August units with strong sales in the truck category, according to Automotive Fleet data.
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The average fuel economy for new vehicles increased 0.3 mpg to 25.4 mpg in July from June levels as a result of a lower proportion of pickups offered, according to the University of Michigan's Transportation Research Institute (UMTRI).
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Sales of vehicles to commercial fleets from nine manufactures were flat in July, declining 0.6% to 49,158 units mostly due to a decline in passenger car sales.
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Michigan is the most expensive state for car insurance, while Maine, Ohio and Idaho with their large swatches of rural areas are the least expensive, according to Insure.com.
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Increased production and sales of pickup trucks and SUVs is lowering the average fuel economy for new vehicles, which fell 0.2 mpg to 25.1 mpg in June, according to the University of Michigan's Transportation Research Institute (UMTRI).
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After five straight years of market-share gains, the SUV segment may be poised for a slowdown, according to a new analysis from Edmunds.
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Wholesale auctions sold 9.8 million vehicles worth $100 billion in 2016 with the majority coming from dealer consignment, according to the National Auto Auction Association (NAAA). The association has been surveying its members for 20 years.
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Prices consignors booked from off-lease fleet vehicles fell 0.2% in May, but remain up 3.5% from a year ago, Tom Kontos wrote in his monthly Kontos Kommentary.
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The May value is up 5.2 mpg since October 2007, the first month of monitoring by UMTRI. This value is 0.2 mpg below the peak of 25.5 mpg from August 2014.
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Sales of vehicles to commercial fleets from eight automakers increased 3.3% to 67,744 units, a reversal from several months of declining sales this year, according to Automotive Fleet data.
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