EVs: Residual Values and the Total Cost of Ownership
The EV market has totally evolved in the last decade and will continue to change as EVs become more affordable, longer lasting, and more efficient.
The EV market has totally evolved in the last decade and will continue to change as EVs become more affordable, longer lasting, and more efficient.
The poll is live for the 2021 Fleet Vehicles of the Year — vote for your favorite car, truck, and/or SUV, share the link, and help contribute to the next Fleet Vehicle of the Year.
Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
Supply chain constraints make it difficult to get replacement vehicles leading to extended cycling of those currently in service. This is pushing the envelope of warranty coverage that is exacerbated by a shortage of replacement parts.
Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
Dealers get more time to file an arbitration claim when they buy online and ship with Ready Logistics.
All major market segments saw seasonally adjusted wholesale price increases in September, while sales into fleets were down 21% year over year in September.
The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
A simple camera system enables auction operations and dealers to market and sell vehicles at any point after a quick 360-round photo session.
High prices and relatively tight inventory keep more buyers at bay.
For fiscal-year 2021, New York City DCAS brought in $15.75 million in revenue between the sale of used vehicles and pursuit of restitution when private vehicles damage fleet vehicles.
Fleet sales decreased month over month but rose steeply year over year. Sales into rental rocketed 531% year over year.
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