Used Fleet Vehicle Values Rise 2.3% in March

The spring / tax season market uptick helped make March a strong month for used vehicle sales, and late-model sedans from fleet leasing consignors continue to outperform their SUV/CUV counterparts, according to Tom Kontos, KAR's chief economist.

Hurricane Harvey Could Create 1M Salvage Vehicles

While market watchers agree that Hurricane Harvey's impact stretches beyond Houston-area automotive business, estimates on exactly how many vehicles will need to be replaced vary between half a million and million vehicles, including as many as 18,500 fleet vehicles.

Large Vans Boost U.K. Fleet Registrations in January

The United Kingdom new light commercial vehicle market enjoyed growth for the first month of the year as registrations of large vans single-handedly drove demand, surging 25.4% as all other segments experience double-digit decline.

Wholesale Used Vehicle Prices Hit Largest Annual Decline

A lower than normal sales conversion rate indicated December saw buyers with more bargaining power than typically seen for this time of year.

Velocitor Solutions Owners Complete Full Acquisition of NextBillion.ai

Velocitor Solutions strategically expands with AI-acquisition and geospatial solutions.

IIHS Launches First Commercial Vehicle Safety Evaluations

The Insurance Institute for Highway Safety has begun evaluating heavy-duty pickups and cargo vans for driver protection. Which models earned top marks?

Ford May Make Diesel Part of Its Plan to Improve Fuel Economy

Car Rental in Kenya: Safari Tours, Oil Investors, Nonprofits

Nairobi-based Active Car Hire is gaining traction with long-term rentals to business clients while facing a large market of unlicensed competitors.

Editorial

The automotive leasing industry has grown in the face of weakness in the auto industry, in the economy generally, and is spite of interest rates and money market conditions that could well have choked it, bodes well for its future in happier economic circum-stances.