Fleet experts shared their insights on remarketing upfits and equipment in the work truck industry.
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.
The slowing economy has driven average vehicle sale and floor prices past a turning point compared to last year.
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.
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.
The 7th and largest class group is well on its way to earning the “executive MBA” equivalent of an auction industry education.
The FMC’s new report assesses issues impacting fleets, including safety, acquisition, remarketing, and fuel in the U.S., Canada, and Mexico.
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.
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.
Prices remained steady at already-elevated levels, and the conversion rate bumped up in March.
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