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Following a lower-than-expected February, Cox Automotive is forecasting March U.S. auto sales volume to hit 1.547 million, an increase from last month, but a nearly 7% decline from March 2018.
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The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.
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The 2019 Conference of Automotive Remarketing is less than two weeks away, and this year, the annual conference will feature a panel discussion led by managers of some of the leading commercial fleet leasing companies.
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Prices and volume are not expected to plummet in 2019, but industry experts seem to feel that the best-case scenario will be a plateau, and more realistically, will fall slightly.
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Pivet embodies the broader vision of the mobility future the Cox Automotive Mobility Group envisions, grounded in the art and science of moving people.
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Mark Leuenberger oversees both fleet and procurement at Cox Enterprises, a company that he has been with for 20 years.
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Prior to 2018, sedans at auction had experienced three years of consecutive value declines. For sedan-heavy fleets, this may have meant an impact to total cost of ownership for those vehicles, as profits from remarketing them would have suffered. Now companies with sedan-heavy fleets may be finding that a window of opportunity to remarket those vehicles for better profit has emerged.
Read More →Segments such as compact cars and mid-size cars are outperforming the overall market. Meanwhile, vans, utility vehicles, and pickups are under performing the overall market.
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Mark Leuenberger, assistant VP, Supply Chain, for Cox Enterprises, was named the 2018 Fleet Executive of the Year at the Automotive Fleet & Leasing Association's (AFLA) annual conference in Orlando, Florida, on Oct. 1.
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After the heavy rains brought by Florence to the Carolinas stopped, estimates about the number of vehicles that were destroyed by the storm began to roll in that made it clear the storm would have far less of an impact that the pair of storms that reached Texas and Florida a year ago.
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