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Twenty senior industry leaders expressed cautious optimism about the economy and the automotive retail industry in White Clarke Group’s annual U.S. Auto and Equipment Survey.
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The Miami International Auto Show has been canceled for the first time in its nearly 50 years due to Hurricane Irma, show organizers announced on Facebook.
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Speaking about the impact of Hurricanes Harvey and Irma at the FTR Transportation Conference, analysts estimated that the economic impact on the region could cost GDP 0.5% in the third quarter of 2017.
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Hurricane Irma's late shift to the west seems to have spared Florida the worst of the storm, but even with reduced impact, its effects are widespread.
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Manheim and ADESA reopened their Florida auction facilities on Tuesday, as Hurricane Irma moved north toward Tennessee.
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The national average gasoline price increased 3 cents to $2.67 from a week ago as drivers in states bearing the brunt of Hurricane Irma paid significantly higher prices to fuel their vehicles, according to AAA.
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Five ADESA auctions remained closed Monday as Hurricane Irma moved through Georgia and Alabama, and two ADESA auctions in those states curtailed hours and staff, the KAR Auction Services unit announced.
Read More →Hyundai Motor Co. and Kia Motors Corp. will temporarily shut down plants in Georgia and Alabama to avoid potential damage from Hurricane Irma, Reuters reported.
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The activity of the more than 33,000 commercial vehicles equipped with a Geotab telematics system increased 360% in the state from Aug. 23 to Sept. 6.
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Fleet management companies put in place resources for commercial fleets with vehicles in South Florida that may have suffered damage from Hurricane Irma. They helped drivers locate fuel, identified replacement units, and managed an influx of calls from drivers.
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