Author: News/Media Release
In the beginning of May, the new-vehicle days’ supply was 66, down 16 days from last 12 months and 6 days from last month. Whilst the whipsaw of adjusting tariff policy dominated the headlines, the dynamics of the April new-vehicle market unfolded as expected. Recent-vehicle sales saw momentum from late March and into April, before petering out. Recent-vehicle inventory declined further, by 7.4% from March, in response to the Cox Automotive evaluation of vAuto Live Market View data released May 16.May opened with a complete supply of recent vehicles on dealer lots across the U.S. at 2.49 million units, down 7.4% from…
“We owe this milestone to the numerous equipment manufacturers, end users, distributors, and dealers who’ve placed their trust in our engines, 12 months after 12 months,” Masaaki Sugino, executive vp of Isuzu Motors America, LLC, said.Photo: Isuzu / Automotive Fleet For 50 years, Isuzu industrial engines have powered productivity and industrial fleets across america with diesel engines known throughout the off-road equipment marketplace for their status of reliability, durability, and long-term value.Since 1975, Isuzu Diesel has remained a trusted name in powering various industrial applications — serving construction, agriculture, utility, and rental fleets with engine solutions. In a market that…
Mobilisights is the exclusive source for embedded telematics data from Stellantis brands, harnessing insights from tens of millions of vehicles. Mobilisights, Stellantis’ Data as a Service business unit, is expanding its customer base with a brand new agreement that gives Zubie with seamless access to data from Stellantis’ connected vehicles operating in the US, allowing Zubie customers to optimize fleet and automotive rental operations with actionable insights.This agreement takes Mobilisights one step closer to its vision and mission of revolutionizing the experiences of consumers and businesses with the facility of automotive data. Mobilisights is the exclusive source for embedded telematics data…
Staffing shortages likely contribute to drivers’ challenges, resulting in heavier workloads and heightened safety concerns, as 4 in 10 drivers say their company is struggling to rent or retain qualified drivers.Photo: Tima Miroshnichenko via Pexels As more employees return to the office and traffic volumes rise across the U.S., today’s company drivers face increasingly hazardous roadways.Latest research from Nationwide shows that almost all company drivers routinely dodge distracted motorists on their work routes. Still, many also confess to dangerous behaviors themselves behind the wheel that may lead to dangerous and dear accidents.Still, that self-awareness doesn’t quiet their fears. About 70% of company drivers say…
March days’ supply of auto inventory ranked by auto brand. Because the automotive industry navigates the results of recent tariffs, the availability of recent vehicles on dealer lots across the U.S. has fallen, based on the Cox Automotive evaluation of vAuto Live Market View data released on April 10. Recent-vehicle inventory levels in the beginning of April decreased from March and were lower than in early April 2024. Recent vehicle sales surged in March, driven by strong seasonal trends and the urgency created by the import tariff announcement.As April opened, the entire supply of recent vehicles on dealer lots across the U.S.…
The independent accounting firm LSWG of Frederick, Maryland, conducted the 2024 NAAA Auction Industry Survey for the National Auto Auction Association.Photo: NAAA / Automotive Fleet National Auto Auction Association (NAAA) member auctions reported nearly 7.6 million vehicles sold in 2024, representing the best sales volume for the industry since 2020.Greater than 12 million vehicles were offered on the market at NAAA member auctions, leading to a 61.3% conversion rate. That percentage was an improvement over 2023 and was the second-highest conversion rate ever reported. The typical wholesale price of units sold was $13,921, down 5% from 2023. Although vehicle prices…
Over the past yr, Hyundai has gained essentially the most days’ supply, up 38 days yearly, while Jeep and Ram have dropped essentially the most, down 54 and 56 days, respectively. With a warmer sales pace in February, new-vehicle days’ supply dropped to 89 days, a ten% decrease in comparison with the beginning of February, in keeping with vAuto Live Market View data released March 13. While concerns about future price increases could also be driving more customers to the showroom, uncertainties in policy changes are creating challenges for automakers as they await further information. Over the past yr, Hyundai has…
Major market segments saw mixed trends for seasonally adjusted prices 12 months over 12 months in February. Wholesale used-vehicle prices (on a mixture, mileage, and seasonally adjusted basis) were lower in February in comparison with January, in line with the newest numbers from Cox Automotive.The Manheim Used Vehicle Value Index (MUVVI) decreased to 204.1, reflecting a 0.1% increase from a 12 months ago. The seasonal adjustment drove the monthly move, as non-seasonally adjusted values rose. The non-adjusted price in February increased by 1.4% in comparison with January, moving the unadjusted average price up 0.8% 12 months over 12 months.“With gray…
Th 2025-2026 board comprises fleet professionals from various industries, including corporate, public safety, technology, education, and more. NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, recently announced its newly elected 2025-2026 Board of Directors.This 12 months’s board comprises fleet professionals from various industries, including corporate, public safety, technology, education, and more. Together, they may lead the association through the upcoming 12 months, advancing NAFA’s mission to support and elevate fleet professionals across the globe.“As the brand new president of NAFA’s Board of Directors, I’m excited to guide this talented group of execs as we construct on the strategic initiatives we’ve…
The highest five selling latest EV models, ranked by sales volume, were the Tesla Model Y, Model 3, Volkswagen ID.4, Tesla Cybertruck, and Honda Prologue, making up 54% of total EV sales for the month. The electrical vehicle market thrived across latest and used segments in January with robust sales and pricing amid declining days’ supply.Propelled by continuing consumer interest, the used EV market grew, driven by affordability and more model options. Days’ supply and average transaction prices (ATPs) further highlighted the shifting landscape of the EV market.EV Sales Up at a Healthy ClipLatest EV Sales: In January, latest electric vehicle…
