Cox Automotive Update: August Sales Pace Forecast to be Year's Slowest
The decrease in U.S. auto sales is due to historically low new-vehicle inventory levels, which are over 50% lower than they were a year ago.
The decrease in U.S. auto sales is due to historically low new-vehicle inventory levels, which are over 50% lower than they were a year ago.
You could say the all-new Maverick’s hybrid engine, unibody frame, and 4.5-foot bed make it a niche truck. But in the post-pandemic era of efficiencies and economics, fleets must apply a Swiss Army knife-like approach to job applications.
For April, Manheim’s rental risk unit share fell to the lowest level since 2002. Rental car companies are net buyers, not sellers, of wholesale used vehicles right now, says Cox Automotive’s Jonathan Smoke.
Monthly and year-to-date comparisons of rental fleet sales to pre-pandemic periods in 2019 show unprecedented declines.
Sales to fleet buyers were off notably last quarter – down 28% percent from Q1 2020 – but robust retail sales more than covered fleet’s shortfall and provided reason to believe new-vehicle sales have recovered from the pandemic meltdown.
The acquisition creates growth by combining complementary customer networks and is a key step in EnjoyTravel.com’s plan to further expand in the Swedish, Italian, and French tourism markets
Stellantis, the merger between Fiat Chrysler Automobiles and Groupe PSA, will “embrace electrification, connectivity, autonomous driving, and shared ownership,” the company said.
Our test of the new F-150 PowerBoost netted an extraordinary 19.2 average mpg with a 1,732-lb. payload and 25.1 mpg without. Adding PowerBoost’s 12,700 lbs. of max towing, is it blasphemy to finally turn our backs on diesel for true work applications?
The data from KAR Analytical Services demonstrates how rental companies sold into the used car market during the summer, traditionally the industry’s busiest season.
Commercial fleet sales from nine manufacturers totaled 47,942 in November 2020, representing a 11.8% overall decrease when compared to the same time last year, though this was an improvement over what was reported the previous month in October.
Total fleet sales for the month — which is comprised of commercial, rental, and government sales — came in at 101,159, which represented a 51% drop from the same time last year.
Customers will have access to a broader variety of trucks, including multiple truck classes, specialty equipped trucks and moving trucks, as well as cargo and cube vans.
Hertz Global Holdings has considered selling it’s Donlen leasing business if it can get at least $1 billion and has several buyers interested in the fleet management company, chiefly private equity funds, according to a report from Bloomberg.
Zoox started in 2014 with the vision of purpose-built, zero-emissions vehicles designed for autonomous ride-hailing, along with an end-to-end autonomy software stack.
Commercial fleet sales from nine manufacturers totaled 65,135 in March 2020, representing an 17.7% year-over-year decrease.
Nissan held a ride and drive in San Diego in June to showcase its 2013 Nissan NV200 small cargo van.
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