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Fleet experts shared their insights on remarketing upfits and equipment in the work truck industry.
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The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.
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The slowing economy has driven average vehicle sale and floor prices past a turning point compared to last year.
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Chuck Parker, CEO and publisher of the Automotive Information Network (AIN) Media, the fleet industry’s first all-digital publishing company, passed away on Sept. 21, 2022. He was 88.
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IARA Summer Roundtable: In a free-wheeling interview, entrepreneur and used car industry disruptor Ernie Garcia delivers insights on his mega-merger deal and a customer-friendly e-commerce model.
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The 7th and largest class group is well on its way to earning the “executive MBA” equivalent of an auction industry education.
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The FMC’s new report assesses issues impacting fleets, including safety, acquisition, remarketing, and fuel in the U.S., Canada, and Mexico.
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The difficulty sourcing replacement vehicles has forced many fleets to adopt a “fleet preservation” strategy to mitigate the impact of operating higher-mileage vehicles that remain in service beyond their normal replacement cycle.
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Fleet budgets have been negatively impacted by escalating fuel prices, higher acquisition costs, decreased fleet incentives, unscheduled maintenance, and volatile upfitting expenses. One silver lining is strong vehicle resale values.
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Prices remained steady at already-elevated levels, and the conversion rate bumped up in March.
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