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Full-size pickup truck retention rates for model-year vehicles older than two years showed a slight decrease this year after steadily increasing for the last five years.
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Rental risk units were up from a year ago due to mix shifts and mileage changes as well as a weakness in the used vehicle market last year, according to Manheim. The Manheim Used Vehicle Value Index stood at 124.6 for February.
Read More →KAR Auction Services, Inc. has announced that Don Gottwald will fill the newly created position of KAR chief operating officer.
Read More →Combined sales into large rental, commercial, and government buyers were down 32% year over year in December and down 4% full-year 2021 versus 2020.
Read More →All major market segments saw seasonally adjusted prices that were higher year over year -- but declined -- in the first half of August.
Read More →September auction sales bolstered prices through the channel, but wholesale is at a crossroads, mainly from concerns about the UAW strike possibly slowing new retail sales and moving buyers into the used market.
Read More →This year's conference moves to Miami and features a roster of new speakers as well as a collocated event — Fleet Forward Conference — dedicated to smart mobility solutions.
Read More →The partnership continues Zubie’s expansion of its partnership network that includes rental and dealer loaner software providers and a vehicle recovery company.
Read More →Cathedral Consulting facilitates “Dealer 20 Performance Groups,” allowing independent automotive leasing, and now, rental business leaders, to share operating results, best practices and ideas in a non-competitive environment.
Read More →Meanwhile, off-rental units spike commercial vehicle sales by 40% year-over-year.
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