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KAR expects to be immediately profitable across its North American dealer-to-dealer platforms while enhancing its position in the highly fragmented wholesale used vehicle market.
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Leasys has acquired the UK company ER Capital Ltd, which operates as daily rental firm Easirent. Following the purchase, 20 Easirent rental centers will be rebranded to Leasys which, says the FCA Bank subsidiary, will give the leasing and mobility provider a major role as a 360-degree mobility player in the UK.
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By expanding its nationwide local auction network, Manheim now hosts 49 sales per month nationwide with dealers averaging a 77% sales efficiency rate based on data.
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Digital transactions have grown tremendously at XLerate over the last five years, and digital is a key component of its omnichannel, go-to-market strategy.
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Cox Automotive has announced the acquisition of the Ghent-based fleet software company FleetMaster. The Belgian company, which also has an office in Long Beach, California, is a specialist in cloud-based workflow technology for the rental, leasing and dealership sectors.
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The OEM expects synergy between the companies to accelerate development of cutting-edge robotics featuring advanced mobility, manipulation, and vision capabilities.
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The deal will allow the operation to apply its blueprint and roadmap in southeastern Ohio.
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The OEM plans to integrate Electriphi’s capabilities with Ford Pro services to develop advanced charging and energy management experiences for commercial customers.
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Leasys has won a significant tender to provide vehicles for the Italian postal service.The deal for Poste Italiane is for 13,647 vehicles under an operating lease - which more than doubles the postal service’s current fleet - will be deployed in the North-East and the Centre-South of Italy.
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Hilco Global, specializing in asset valuation, monetization, and advisory solutions, announced on May 24 2021, that it’s commercial-industrial team has acquired all of the assets of Sutton Leasing, a fleet leasing company based in Sterling Heights Mich., in a multi-million-dollar transaction which closed on May 7, 2021
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