Author: News/Media Release

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…

Autoniq powers a number one source for vehicle pricing and evaluation information, giving automotive dealers the arrogance they should make buying decisions for his or her business. Autoniq, a subsidiary of OPENLANE, announced Sept. 9 it has integrated its data platform with the Auction Edge Pipeline Market Report.The Pipeline Market Report (PMR) — which provides data-driven pricing guidance based on greater than 175 Edge Pipeline auctions — is  available for direct subscription and access by all autoniq subscribers.“Dealers want quick and easy accessibility to the precise pricing and market data at the precise time in order that they can quickly…

The 2025 Sentra is obtainable in three grades: S, SV, and SR, with an EPA-estimated 30 mpg in town and 40 mpg on the highway. Equipped with advanced safety technologies and a fuel-conscious powertrain, the 2025 Nissan Sentra is on sale now with an MSRP starting at $21,590. In line with the corporate, it’s one in all six Nissan vehicles offered with a starting MSRP under $30,000.The 2025 Sentra is obtainable in three grades: S, SV, and SR, with an EPA-estimated 30 mpg in town and 40 mpg on the highway, which could prove useful to fleets going the additional mile.MSRP…

At 100% charge, rear-wheel-drive models will offer 234 miles of EPA-estimated range, and 4Motion all-wheel-drive models will offer 231 miles of EPA-estimated range. Volkswagen announced pricing and the EPA-estimated range for the ID. Buzz, the classic Microbus’s electric reincarnation, debuting within the U.S. later this 12 months.At 100% charge, rear-wheel-drive models will offer 234 miles of EPA-estimated range, and 4Motion all-wheel-drive models will offer 231 miles of EPA-estimated range.Pricing for the ID. Buzz models will start with the Pro S at an MSRP of $59,995, the Pro S Plus at $63,495, and the launch-only 1st Edition at $65,495.  The dune interior…

All major market segments saw seasonally adjusted prices that remained lower 12 months over 12 months in the primary half of August, yet the declines have been slowing recently. Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.5% from July in the primary 15 days of August, in response to the mid-month Manheim Used Vehicle Value Index released Aug. 19.The index increased to 202.6, which was down 4.5% from August 2023. The seasonal adjustment softened the outcomes for the month. The non-adjusted price change in the primary half of August rose 1.6% in comparison with July,…

The typical used-vehicle listing price was $25,415, up from the revised $25,246 initially of July but down 5% from a 12 months earlier. Used-vehicle inventory levels initially of August were lower than in July and down 3% from this time last 12 months, in keeping with the Cox Automotive evaluation of vAuto Live Market View data released Aug. 16.As August opened, the whole supply of used vehicles on dealer lots – franchised and independent – across the U.S. was at 2.17 million units, down from the two.22 million units initially of July.The dealer management system (DMS) outage that disrupted sales…