Kenneth Jack, a 25-year fleet industry veteran was awarded the 2019 Fleet Executive of the Year award. Jack has held various fleet positions throughout his career and currently serves as VP of Fleet Operations for Verizon.
Both the car and truck segment saw similar depreciation: overall car segment values decreased 0.51% last week compared to 0.65% the week before while truck segment values decreased 0.54% compared to 0.48% the week before.
The used wholesale market showed strength in September, as values overall held up in line with what’s expected in summer, but the market is also beginning to show signs of weakness.
The National Highway Traffic Safety Administration is seeking public and industry input on whether or not camera-based rear visibility systems should be permitted to replace inside and outside rear- and side-view mirrors.
Commercial drivers of light- to heavy-duty vehicles are involved in just 3% of severe crashes, even though 83% of American drivers say they are safer behind the wheel, according to new data from Verizon Connect.
Strong demand for light- and medium-duty trucks in the 2019 model-year resulting in widespread backlogs at upfitters delaying some ship-thru units, impacting order-to-delivery times for both light- and medium-duty trucks.
In MY-2019, ongoing railcar shortages created huge backlogs of vehicles needing to be shipped. The railcar shortage has been a key factor for fleet delivery delays for the past 20 years. The question is when does it get fixed?
Mercedes-Benz has begun offering fleet incentives on vehicles in its 2020 model-year lineup, including the GLE and GLS luxury SUVs, the company has announced.
Used vehicle values are beginning to buckle as depreciation continues to accelerate, particularly among sedans, according to Black Book’s Oct. 1 Market Insights report.
General Motors previewed its new 2020 models and gave center stage to top execs to discuss key industry trends.
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Unscheduled vehicle downtime is not only a maintenance issue, it is also an accident-avoidance issue since, on average, 20% of a fleet’s vehicles annually incur downtime due to accidents.
Mazda has released its 2020 model-year incentive program, which includes seven vehicles across several nameplates.
Sales of vehicles to commercial fleets surged in September even as several automakers reported sharply lower overall sales during the month.
Used fleet vehicles that sold at wholesale fell 1.5% to $13,603 in August from July, but remained up 1.2% when compared to the same month a year ago, according to Tom Kontos, chief economist for KAR Auction Services.
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