News
Fuel Inches Closer to $2 Average
Gas was one penny more expensive than the previous week, though demand, overall, is still down by nearly 25%.
Gas was one penny more expensive than the previous week, though demand, overall, is still down by nearly 25%.
The International Automotive Remarketers Alliance (IARA) will host its third webinar in its 2020 Road to Recovery series, titled “Adjusting to the New Normal,” on Friday, June 5, 2020.
There was a 14% year-over-year jump in fatality rates per miles driven in March 2020, while the actual number of miles driven dropped 18.6% compared to the same time period last year.
Black Book’s latest COVID-19 Market Update found that while used vehicle values have continued to depreciate since the last week of March, the rate of depreciation has been significantly lower over the last two weeks.
The national average price for gasoline rose three cents to $1.87 for the start of the Memorial Day work week but is still near lows not seen during the same period of time since 2003 where the average price for fuel was $1.50 on average.
Nauto has added a predictive collision alert module to its driver behavior learning platform that is designed to detect imminent collisions.
The national average price for gasoline continued to rise slightly, now up to $1.84, though approximately 40 states carry an average of price of $2 per gallon or less.
The Automotive Fleet & Leasing Association (AFLA Canada) held a webinar on Thursday, May 7, 2020 on the Canadian fleet market titled "The Impact of the Recent Economic Downturn on Vehicle Depreciation: What Fleets Need to Know.”
Fleet Financials and Automotive Fleet are now accepting nominations for the 2020 Fleet Executive of the Year award. The deadline for nominations is June 1. The award is sponsored by The CEI Group.
Innovative Funding Services (IFS) will begin operating under a new name and, effective immediately, will be known as Tresl.
