Author: News/Media Release
Major market segments saw mixed trends for seasonally adjusted prices yr over yr in January. Wholesale used-vehicle prices (on a combination, mileage, and seasonally adjusted basis) moved 0.4% higher in January in comparison with December, causing the Manheim Used Vehicle Value Index (MUVVI) to extend to 205.6, a gain of 0.8% from a yr ago. The index’s seasonal adjustment muted the month’s movement, as non-seasonally adjusted values rose faster than seasonally adjusted values. The non-adjusted price in January increased by 0.6% in comparison with December, moving the unadjusted average price up 1.1% yr over yr.“While it’s not yet spring, wholesale values…
Verizon Connect’s Prolonged View Cameras expand its Integrated Video platform, featuring 4 additional cameras and an in-cab monitor. Verizon Connect recently launched its recent Prolonged View Cameras and Driver Vehicle Inspection Report (DVIR) to boost industrial fleet safety, driver performance, and operational efficiency.The Prolonged View Cameras deliver near-360-degree visibility with rear, side, and cargo cameras. The customizable Driver Vehicle Inspection Report (DVIR) goals to simplify compliance and maintenance through Verizon Connect’s Reveal platform.These recent options have the potential to supply fleet managers with advanced tools to guard their vehicles, enhance driver safety, and improve community road security.Prolonged View Cameras: Enhancing…
This was the official internal notice sent to the staff of America’s Group and AuctionVcommerce announcing the deal on Jan. 17, 2025.Graphic: AuctionVcommerce America’s Group acquired AuctionVcommerce (AVC), an modern technology platform for auto auctions, in a deal announced Jan. 17.With this strategic acquisition, America’s Auto Auction will integrate AVC’s platform to reinforce operations and supply a streamlined auction experience for its dealer network. This integration will enable dealers to more efficiently access a myriad of auction tools and services.AuctionVcommerce is an all-in-one platform created to rework how dealers interact with auctions. Designed as a centralized hub, it connects dealers to…
Fellows are chosen based on their demonstrated leadership, contribution to the industry, and evidence of strategic pondering and innovation. Photo: NAFA/Automotive Fleet NAFA is rolling out a brand new program to honor distinguished fleet professionals who’ve made major contributions to the fleet industry and to NAFA itself.Applications are actually open for the NAFA Fellows Program.“NAFA Fellows are individuals who’ve demonstrated extraordinary leadership and a long-standing commitment to the advancement of the fleet industry,” NAFA CEO Bill Schankel, CAE said. “This program not only acknowledges their accomplishments but in addition ensures their continued impact in shaping the longer term of fleet management…
All major market segments experienced seasonally adjusted prices that were down yr over yr in December, though the declines have been mitigated in recent months. Wholesale used-vehicle prices (on a combination, mileage, and seasonally adjusted basis) were lower in December in comparison with November, in keeping with the Manheim Used Vehicle Value Index (MUVVI) released Jan. 8.The index fell to 204.8, a rise of 0.4% from a yr ago. The seasonal adjustment reduced the change for the month, as non-seasonally adjusted values declined at a better rate. The non-adjusted price in December decreased by 0.8% in comparison with November, increasing…
Retail used-vehicle listing prices have been consistently lower through the primary 11 months of 2024 than year-ago levels. Used vehicle inventory levels initially of December were unchanged from November but lower than in early December 2023 as used vehicle sales increased, in accordance with the Cox Automotive evaluation of vAuto Live Market View data released Dec. 20.As December opened, the whole supply of used vehicles on dealer lots – franchised and independent – across the U.S. was at 2.18 million units, unchanged from the two.18 million units initially of November and down 6% from a yr ago.The retail used-vehicle sales pace…
Zonar will operate as a part of the GPS Trackit portfolio. Photo: Zonar/GPS Trackit/Automotive Fleet Zonar Systems and GPS Trackit are joining forces to supply a comprehensive fleet management platform for industrial fleets pairing telematics and cloud-based technology.How the Merger Will Affect FleetsThe merger leverages GPS Trackit’s industry expertise, modern infrastructure, and deal with customer support.Zonar will operate as a part of the GPS Trackit portfolio while maintaining its commitment to providing fleet health and safety solutions. Together, the 2 corporations will form a comprehensive platform that serves fleets of all sizes, delivering telematics and cloud-based solutions for industrial fleet, field services,…
The Auction Academy Class 8 can be graduating on the Conference of Automotive Remarketing in San Diego, March 16-18, 2025. Class 9 can be the primary to incorporate a recipient receiving the NAAA/Ron Hope scholarship. The National Auto Auction Association (NAAA) has created the Ron Hope Memorial Scholarship for Auction Academy, 2023-24 NAAA President Eric Autenrieth announced Oct. 3 on the NAAA World Remarketing Convention in Orlando.Ron Hope, CEO and Board Chairman of CARS Recon, Inc., in Franklin, Tennessee, and an associate member of NAAA, died on June 21. He worked within the auto auction industry for over 50 years…
A used Tesla Model 3 cost $25,931, from a drop of $8,558, or 24.8%, in comparison with last 12 months. The common used electric vehicle lost 25% of its value over the past 12 months, sliding from $35,621 in August of 2023 to $26,839 in August of 2024, in response to an iSeeCars study released Sept. 9.By comparison, gasoline prices were down 4.4% percent and hybrid prices were down 6% between August of 2023 and August of 2024. Meaning used EVs prices have fallen 4 times faster than hybrids and 6 times faster than gasoline models. the most important price…
The premium-level charging stations shall be positioned near a various set of amenities including shopping, dining, coffee shops and other services drivers can access while they charge. EVgo Inc., certainly one of the nation’s largest public fast charging networks, and General Motors announced Sept. 12 that they’re expanding upon their work by deploying 400 fast charging stalls at flagship destinations in major metro areas across the U.S.With features comparable to 350kW fast chargers, ample lighting, canopies, pull-through stations and security cameras, the flagship stations are poised to set to assist meet the growing demand for convenient and reliable charging stations…
