The values of vehicles sold at ADESA auctions from fleet consignors fell 0.6% to $13,309 in October but remain 2.4% higher from a year ago, according to Tom Kontos, KAR Global's chief economist.
Registration for the inaugural 2020 AFLA Canada Fleet Summit is now open and will be hosted at the Hilton Toronto Airport in Mississauga, Ontario, on Feb. 12 to 13.
The national average for regular unleaded has increased 1 cent to $2.61, and most states saw their prices increase for the week ending Nov. 11, according to AAA.
Mercedes-Benz has rolled out fleet incentives for its 2020-model-year GLA and GLC compact SUVs to round out incentives for its 2020 SUV lineup.
Hyundai's 2020 Sonata will increase $750 for the base model, while its new 2020 Venue subcompact SUV will retail for just over $18,000 as the automaker's new entry into a growing segment of smaller entry crossovers.
The National Highway Traffic Safety Administration has recognized the 2020 Chrysler Voyager, which will include a fleet-only model, with a five-star overall safety rating.
General Motors has begun offering OnStar Vehicle Insights, a telematics solution for fleet managers and drivers that can be added to 2015 model-year vehicles and newer.
Nauto's cloud-based telematics platform powered by artificial intelligence learns driver behaviors, and the company notes it will be able to predict and prevent high-risk driving events, helping fleet managers reduce claims by at least 35%.
The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at 1.5% after starting the year at 2.25%.
Jeep's four-door Wrangler has placed at the top of a list of 10 vehicles that retain the highest percentage of their value over a five-year period, according to the latest report from iSeeCars.
