News
Cox Forecasts 14% Fewer New Cars Sold in September
Cox Automotive forecasts 1.25 million new-vehicle sales in September 2019, which would represent a 14% drop from the previous year.
Cox Automotive forecasts 1.25 million new-vehicle sales in September 2019, which would represent a 14% drop from the previous year.
Used vehicle values saw slightly higher depreciation last week, but overall remain fairly stable, according to Black Book’s Sept. 24 Market Insights report.
Overall used wholesale values remained mostly flat last week, as post Labor Day sales continue to show strength, according to Black Book’s Sept. 17 Market Insights report.
Kenneth Jack, director of fleet operations for Verizon Communications, was named the 2019 Fleet Executive of the Year at the Automotive Fleet & Leasing Association's (AFLA) annual conference in Phoenix, Arizona, on Sept. 16.
While most wholesale vehicle segments are experiencing low levels of depreciation, heavy depreciation from luxury segments is continuing to weigh down overall wholesale values, according to Black Book’s Sept. 10 Market Insights report.
Ford Motor Co. will offer commercial fleet incentives for its F-150, Super Duty, Ranger, Transit, and other models, the company has announced. Ford announced most of its car and SUV incentives in June.
Kia Motors America will offer dealer-based commercial fleet incentives on nine of its nameplates for the 2020 model year, according to the company.
Approximately 398 people could lose their lives and another 45,300 could suffer serious injuries on roadways over the Labor Day weekend, according to the National Safety Council's estimate, which is the lowest it has issued for the three-day holiday period since 2015.
Commercial fleets that used the Lytx Driver Safety Program reduced drowsy driving events by 39% and falling asleep behind the wheel by 66% from June 2018 to June 2019, according to new data released by the video telematics solutions provider.
The national average gasoline price slid 2 cents to $2.59 for the week ending Aug. 26 and is expected to be the cheapest Labor Day average in three years, according to AAA.
