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All major market segments saw seasonally adjusted wholesale price increases in September, while sales into fleets were down 21% year over year in September.
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The agreement with Cox gives ELMS customers access to more than 6,000 service centers, 3,000 partner locations and 800 mobile technicians nationwide.
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The lack of new-vehicle inventory is steering many dealers and consumers into the used-vehicle market, resulting in higher prices for both wholesale and retail used vehicles.
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The collaboration promotes safe deployment of second-life use for Xos battery packs nearing end-of-life.
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After edging higher for a couple of months, available supply dipped by the end of August.
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Tight vehicle inventory continues to vex the auto industry while high prices deter buyers.
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Despite lower production, there are more vehicles ready to be sold due to sales losing momentum since June.
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Cox Automotive Mobility has announced that it has acquired Spiers New Technologies, a provider of EV battery life lifecycle management, for an undisclosed sum, September 01, 2021. A
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Cox Automotive Mobility, a division of the world’s largest automotive services company, has announced that it has acquired Spiers New Technologies for an undisclosed sum, September 01, 2021. A provider of EV battery life cycle management, Spiers New Technologies will form part of Cox Automotive’s plan to provide end-to-end service provision for every stage of the EV lifecycle, including vehicle battery end-of-life repurposing.
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August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
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