Author: News/Media Release
All major market segments saw seasonally adjusted prices that remained lower yr over yr in the primary half of June. Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.3% from May in the primary 15 days of June, in response to the mid-month Manheim Used Vehicle Value Index released June 18.The index fell to 196.8, down 8.5% from June 2023. The seasonal adjustment lessened the impact for the month. The non-adjusted price change in the primary half of June declined 1.6% in comparison with May, while the unadjusted price was down 9.5% yr over yr.“May ended…
The typical used-vehicle listing price was $25,670, up barely from the revised $25,534 in the beginning of May but down 6% from a yr earlier. Used-vehicle inventory levels in the beginning of June were barely lower than in May, in response to an evaluation of Cox Automotive’s vAuto Live Market View data released June 14, as sales picked back up in May after a slowdown in April following an unexceptional tax refund season.The overall supply of used vehicles on dealer lots – franchised and independent – across the U.S. was at 2.26 million units as June opened, up 3% from a yr…
The foremost market segments all experienced seasonally adjusted prices that were down 12 months over 12 months in May. Wholesale used-vehicle prices (on a mixture, mileage, and seasonally adjusted basis) declined in May in comparison with April, in keeping with the Manheim Used Vehicle Value Index (MUVVI) released June 7, which fell to 197.3 (12.1%) from a 12 months ago.The seasonal adjustment to the index reduced the impact on the month, leading to values that declined 0.6% month over month. The non-adjusted price in May decreased by 1.2% in comparison with April, moving the unadjusted average price down 11.4% 12…
ZM Trucks debuted with five zero-emissions models, including the ZM8 Fuel Cell Electric Vehicle (left), ZM8 Class 6 Battery Electric Vehicle (right), and ZM4 Class 4 Battery Electric Van. North America’s newest zero-emissions industrial truck brand, ZM Trucks, made its debut on the 2024 Advanced Clean Transportation (ACT) Expo in Las Vegas.Because the western expression of ZO Motors, ZM Trucks will present five models within the Class 4, 5, 6, and “baby8” segments, expected to be on sale before the top of 2024.North American-Assembled TrucksEach ZM Trucks model is optimized for local market needs and can be assembled in North America…
Among the many 4,000 binding vehicle pre-orders from customers for Harbinger’s electric medium-duty truck chassis is a multi-year order from Bimbo Bakeries USA, the U.S. business of Grupo Bimbo, the world’s largest baking company, and producer of brands including Sara Lee Bread, Thomas’ Bread, Entenmann’s, and more. Electric truck company Harbinger has announced details from its order book, which incorporates $400 million in customer vehicle orders for its electric medium-duty truck chassis, from Bimbo Bakeries USA, RV manufacturer THOR Industries, and more.Harbinger made the announcement on the Advanced Clean Transportation (ACT) Expo.What’s in Harbinger’s Order BookAmong the many 4,000 binding vehicle pre-orders…
Starting MSRP for the SE grade (pictured) is $23,505. The Corolla Hatchback Nightshade has a starting MSRP of $24,505 and the XSE at $26,805. The brand new 2025 Toyota Corolla Hatchback combines comfort and connectivity through fully integrated technology. The Hatchback, available in SE, Nightshade, and XSE, is low to the bottom, lightweight, and practical.The SE model has 16-in alloy wheels, while the Nightshade features 18-in bronze-finished alloy wheels. The XSE has a special style with 18-in graphite-colored alloy wheels.All Corolla grades come standard with Toyota Safety Sense 3.0 and an 8-in Toyota Audio Multimedia system, including standard wireless Apple CarPlay and Android Auto compatibility,…
Employees of Missouri Auto Auction raised $70,000 in total a number of weeks ago in the corporate’s annual fundraiser for Bree’s Gift. Photo: Missouri Auto Auction Missouri Auto Auction recently held a promotional event supporting Bree’s Gift, a registered nonprofit organization. Bree’s Gift honors the lifetime of Bree Isabel Johnley (2015-2019) by providing families with as much as 100% of the funding needed to adopt a toddler. Jennie Johnley, Bree’s mother, and the founding father of Bree’s Gift, is a former worker of the auction, previously working because the National Account Manager for seven years. For the fourth consecutive 12 months, Missouri Auto Auction has…
The common used-vehicle listing price was $25,540, up barely from the revised $25,121 at the beginning of March but down 4% from a 12 months earlier.Graphic: Cox Automotive Used-vehicle inventory levels at the beginning of April were lower than in March, in accordance with the Cox Automotive evaluation of vAuto Live Market data released April 19, as healthy sales fueled by tax refunds drew supply right down to the bottom level because the spring of 2023. The overall supply of unsold used vehicles on dealer lots – franchised and independent – across the U.S. stood at 2.22 million units as…
Cox Automotive’s decade-long history of assessing EV battery state of health has shown that while most used EV batteries are relatively healthy, the outliers are likely to be much degraded, highlighting the importance of measuring each individual vehicle.Photo: Cox Automotive Cox Automotive is rolling out technology across all Manheim locations that may measure the EV battery health for every used vehicle based on its specific VIN.As well as, the corporate is expanding LotVision’s capabilities of reporting battery health for every unique vehicle. Each enhancements give wholesale buyers and sellers the knowledge they should make more informed and assured decisions.Cox Automotive’s…
Corpay’s suite of payment solutions helps its fleet customers higher manage vehicle-related expenses reminiscent of fueling and parking, travel expenses, and payables.Photo: Corpay Fleetcor Technologies, Inc., a world payment solution provider, has rebranded to Corpay, Inc. The change went into effect on March 25.Why the Name Change?“The Corpay name higher represents what we do now, which is provide corporate payment solutions. We’ll use Corpay because the go-to-market brand for our Corporate Payments segment, and retain our existing popular go-to-market brands in our Vehicle Payments and Lodging Payments segments,” Fleetcor CEO and Chairman Ron Clarke said.Corpay’s suite of payment solutions helps its…
