Author: News/Media Release
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…
MyTasks allows drivers to avoid using their cellular phone, reducing distractions while behind the wheel. Fleet managers don’t need aftermarket accessories, which reinforces efficiency and safety.Photo: Stellantis Stellantis has announced the launch of MyTasks, a tool for business fleet managers that allows real-time communication, task task, and standing updates with drivers in the sector via the vehicle’s built-in infotainment unit.MyTasks provides advantages to each drivers and fleet managers. It allows drivers to avoid using their cellular phone, reducing distractions while behind the wheel. Fleet managers don’t need aftermarket accessories, which reinforces efficiency and safety.How MyTasks Works for Fleet Managers and…
Mike Camnetar, CAFM, (top left) is NAFA’s board president for 2024.Photo: NAFA NAFA Fleet Management Association has announced its recent 2024 Board of Directors. This 12 months, the board will likely be led by Mike Camnetar, CAFM, Fleet Services Manager for General Mills Inc.Members of NAFA’s Board of Directors include professionals across various sectors and enterprises, including technology firms, urban municipalities, foodservice enterprises, healthcare entities, and more.“As we dive into the guts of our bylaws and strategic plan this 12 months, it’s clear that we’re charting a course towards a stronger, more cohesive NAFA,” Camnetar said. “By embracing inclusivity in our governance and refining our strategic…
Mark Coleman, the previous vice chairman of businesss development and asset remarketing at Element Fleet Management, has served because the full-time executive director of the IARA since June 2023.Photo: IARA / Graphic photo: Magda Ehlers / Pexels / Graphic: Bobit IARA executive director Mark Coleman announced recently that IARA has launched a podcast series called “Hearing Voices,” a play on IARA’s tagline The Voice of the Consignor.The podcast series is powered by Greater Rockford Auto Auction, and is accessible from IARA’s website at iara.biz, in addition to most podcast outlets.A Concentrate on Leadership TopicsThe initial three episodes of the Hearing…
The 2025 Aviator has an updated contoured mesh grille inspired by the Lincoln logo. The grille has been raised barely in order that its top edge aligns with the newly designed LED headlamps.Photo: Lincoln The brand new 2025 Lincoln Aviator SUV features the all-new Lincoln Digital Experience and BlueCruise hands-free highway driving technology, which is offered on Aviator for the primary time.The 2025 Aviator also features the standard twin-turbocharged 3.0L V6 engine, paired with a 10-speed SelectShift automatic transmission. The engine delivers 400 horsepower and 415 ft.-lbs. of torque.Aviator also has an available Air Glide Suspension.“With the brand new Aviator, technology takes a good larger role…
The newly added Sorento X-Pro features increased towing capability and off-road hardware including 17-inch wheels and all-terrain tires.Photo: Kia Kia America has announced latest details for the 2024 Sorento SUV, which features an exterior redesign, next-generation technology, and more.2024 Sorento SUV: Recent Tech and Features The 2024 Sorento features a latest dash design, more seat stitch designs, and latest technologies, including:Panoramic curved 12.3-inch dual-display screens available.Digital Rear View Mirror available.Digital Key 2 available.Standard Wi-Fi Hotspot.Over-the-air (OTA) updates for infotainment system available.Standard Rear Side Airbags.Parking Distance Warning – Side available.Standard Enhanced Auto Emergency Braking with Junction Crossing.Evasive Steering Assist available.Highway Driving Assist available. The tech-savvy cabin features an available panoramic curved…
While Santa Fe 2.5L turbo models are arriving at dealers now, hybrid models will arrive later within the spring.Photo: Hyundai Hyundai announced latest details for the all-new 2024 Santa Fe SUV with a brand new design, standard three-row seating, standard 2.5L turbocharged powertrain, and an entry price of $33,950.Santa Fe 2.5L turbo models are arriving at dealers now, with hybrid models arriving this spring.Hyundai Santa Fe SUV PowertrainA turbocharged, direct-injected 2.5L turbo, making 277 horsepower is standard.Also available is a 1.6L turbocharged hybrid powertrain generating 178 horsepower (231-hp total system output).The two.5T model is mated to an eight-speed dual-clutch transmission, while the…
Cox Automotive Fleet Services technician Icie Hinton (center) said Project Pink creates meaningful connections with coworkers and builds strong skilled relationships with male colleagues.Photo: Cox Automotive Cox Automotive on Jan. 12 unveiled its Project Pink campaign that recognizes diversity amongst its fleet services and Manheim technicians while supporting breast cancer awareness.Icie Hinton, a female trailer shop technician with Cox Automotive Fleet Services and a graduate of Cox Automotive’s FleeTec Academy, created this initiative to honor and recognize women’s crucial role within the transportation industry and as an indication of support for those fighting breast cancer. Women make up just 3.6%…
