Author: News/Media Release
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…
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,…
