|
|
 |
While the prices of late model used cars are down only 5% off their peak according to Edmunds, the price of older used cars, those five years or older, have fallen 15% or more from their peaks early in 2022. The leading reason for the drop in used car prices is the increased supply of new cars.
The run-up in used car prices was a major driver in the nation’s overall inflation rate, adding about a full percentage point to the overall increase in consumer prices. Now it’s a factor helping to bring down the pace of inflation, shaving more than a third of a point off the overall rate in December.
This is obviously good news for those wanting or needing to buy a used car, though it can have a negative effect on car buyers by reducing the value of vehicle they hope to trade in.
CNN
|
Few would be surprised at Toyota’s top ranking in the least-expensive cars to maintain over 10 years. Toyota typically ranks among Consumer Reports’ most reliable cars.
This year Toyota took the top spot in the Most Reliable ranking and indirectly took No. 2, too: Lexus was ranked second ahead of BMW. It stands to reason that the fewer times a car is in the shop, the less expensive it is to maintain.
Toyotas, on average, have a 10-year maintenance cost of $5,996, with six models locking out the top six least expensive cars to maintain. CarEdge.com reported the Prius, Yaris, Corolla, Prius Prime, Camry, and Avalon were the Nos. 1-6 least-expensive models to maintain over 10 years, with the Honda Fit taking No. 7.
via The Drive
|
The 10 worst places to drive include New Jersey, California, Michigan, New Hampshire, Nevada, Missouri, Maryland, Rhode Island, Delaware Washington and, at number 50, Hawaii. That’s right, Hawaii.
That’s the stunning conclusion of a new study by Wallethub.com, which measures 31 key metrics, including the cost of ownership and maintenance, traffic and infrastructure, safety, access to maintenance.
If you live in one of the “good” states, keep in mind the states with highest percentage of rush hour traffic congestion include Florida, Delaware, New Jersey, Maryland and California. Those with the lowest are New Mexico, North Dakota, Maine, and Mississippi.
The Detroit Bureau
|
New York City Mayor Eric Adams and NYC Department of Citywide Administrative Services Commissioner Dawn M. Pinnock announced the preliminary results of active intelligent speed assistance (ISA) technology being tested in 50 city fleet vehicles and which has ensured almost universal compliance with local speed laws.
DCAS Deputy Commissioner and NYC Chief Fleet Officer Keith Kerman said. “New York City is focused on reducing speeding through street re-design, enforcement, and speed cameras. DCAS is now taking the next step, leading the effort to design a vehicle that can’t and won’t speed in the first place.”
Use of ISA technology also accounted for a 36 percent reduction in hard braking events, which is often an indicator of unsafe driving.
via NYC
|
|
|
|
|
Get Spiffy, Inc. is excited to announce 90%+ year-over-year revenue growth and the addition of new CFO, Brad Schomber. After extending its Series B round to $32 million in Q1 2022, the company drove this impressive growth through strategic execution across geographies, services, and lines of business.
Scot Wingo and Karl Murphy founded Spiffy in 2014 around four mega trends: the rise of the convenience-oriented customer, the hypothesis that services will go digital, the opportunity to provide a better automotive customer experience, and Vehicle 2.0 (i.e.vehicles will change more the next 10 years than in the last 110).
Spiffy saw significant movement in all four trends in 2022, despite economic headwinds. By the end of the year, the business was delivering between 3,000 and 4,000 services a day with over 500 W2 Technicians and 300 vans nationwide.
READ MORE
|
|
By Bill Bishop, Senior Vice President, Sales and Marketing, FLD Remarketing
At the beginning of 2021 and 2022, I was privileged to write a year end/year ahead article for the folks at Fleet Management Weekly.
It’s also something we do for our own customers, partners and associates by producing and distributing our free White Metal Market Report, a look at the medium duty wholesale market that we publish each and every quarter.
Looking back on the predictions I made – and measuring them against the reality of what actually occurred – I would offer that I wasn’t far off in identifying what would become some of the most important trends that would follow.
And now, as we kick off another year, I’m ready to take a look back at 2022, and offer some thoughts on what I believe the fleet industry will experience in 2023.
READ MORE
|
|
If you purchased a new car in the past few years, chances are good that it contains at least one embedded modem, which it uses to offer some connected services. The benefits are numerous and include convenience features like interior preheating on a cold morning, diagnostics that warn of failures before they happen, and safety features like teen driver monitoring.
In 2015 a pair of researchers proved they could remotely disable a Jeep Cherokee while it was being driven, via an exploit in the SUV’s infotainment system. Since then, security flaws have been found in some cars’ Wi-Fi networks, NFC keys and Bluetooth, and in third-party telematics systems.
Toward the end of 2022, a researcher named Sam Curry tested the security of various automakers and telematics systems and discovered security holes and vulnerabilities seemingly wherever he looked. The somewhat encouraging news is that the hackers’ discoveries resulted in the affected companies fixing their flaws.
via Ars Technica
|
|
|
|
|
