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Used-vehicle auctions have started resuming regular business hours following the effects of Hurricane Florence, which had less of an impact on the U.S vehicle market than Hurricanes Harvey and Irma in 2017.
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Analysis: It appears the period of used-vehicle price correction is over with the market coming down from pandemic peaks.
Read More →Topics mentioned in this video include: A look at the July Consumer Spending Report; Hurricane Laura’s near miss in potentially damaging Gulf Coast refineries; ongoing stability in fuel prices; measuring fleet vitality real-time with total miles driven; and an update on the wholesale market.
Read More →The used car retailer that bought the ADESA auction group this year blames high used car prices and rising interest rates for sinking consumer demand.
Read More →The National Insurance Crime Bureau reports on a surge in catalytic converter theft claims in 2022. Vehicle fleets are not immune to this crime that’s on the rise across the nation.
Read More →Ford Motor Co. posted a full-year, pre-tax profit of $8 billion and net income of $5.7 billion. The automaker said these profits are due to the strength of record sales results from North America and “solid performance” from Ford Credit.
Read More →NISKAYUNA, N.Y. --- General Electric's centralized research group, GE Global Research, has attracted $6.8 million in funding for two projects aimed at bringing plug-in hybrid vehicles to market, according to a report in the Wall Street Journal.
Read More →NISKAYUNA, N.Y. --- General Electric's centralized research group, GE Global Research, has attracted $6.8 million in funding for two projects aimed at bringing plug-in hybrid vehicles to market, according to a report in the Wall Street Journal.
Read More →In a first-ever metric compiled by Cox Automotive, seasonally adjusted electric vehicle values ended 2023 down 17%, while non-EVs were down 7.1% for the year.
Read More →Changes in wholesale values have defied gravity this year, as the industry sees lower used-vehicle inventory levels and increased consumer demand for affordable vehicles
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