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October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
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Today, Automotive Fleet and AFLA are hosting their third joint webinar, titled “Latest Market Intelligence on COVID-19 Impact on Fleet Operations and Supply Chain Partners"
Read More →As the last-mile delivery segment explodes, manufacturers large and small have answered the challenge with a wild variety of vehicles — and the delivery “van” may never be the same.
Read More →TORRANCE, CA --- Citing a "steep decline in the market," Toyota said it will probably delay production at its Blue Springs, Miss., plant where it planned to build the Toyota Prius, the Detroit Free Press reported.
Read More →— Luxury carmakers Mercedes-Benz USA and BMW Group have reported increases in sales for their certified used vehicle (CUV) programs.
Read More →WASHINGTON, D.C. --- The U.S. average price for regular gasoline on Sept. 24 sank 11.7 cents to $3.718 per gallon -- nearly 40 cents below the all-time high set on July 7, the Energy Information Administration reported.
Read More →Nearly half of the diesel vehicles analyzed in Vincentric's 2013 Diesel Cost-of-Ownership Analysis have a lower total cost-of-ownership than their gasoline powered counterparts, the firm reported Wednesday.
Read More →The number of electric vehicle (EV) charging stations worldwide is expected to grow to more than 12.7 million units by 2020 from more than 1 million units in last year.
Read More →The 2015 Cadillac Escalade hasn’t even hit showrooms yet, but the pre-orders are rolling in.
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