Black Book reported Tuesday that wholesale values for car segments, in particular, dropped $35 on average last week, marking the largest drop “since the market has softened.” Likewise, on the truck side of the market, values dipped $29, on average, representing “the largest decline over the past two months.”
An overwhelming majority of drivers who have experienced technology that allows vehicles to communicate with each other have a highly favorable opinion of its safety benefits, according to data released by the U.S. Department of Transportation. “Connected vehicle technology offers tremendous promise – for improving safety, reducing traffic jams and increasing fuel efficiency. It’s encouraging […]
The state’s award of a contract for up to 1,900 Ford vehicles for the California Highway Patrol and other state agencies is a snub to GM and Chrysler, which eagerly sought the prestigious contract. Consumer Watchdog applauded the tentative award, noting that of the Big 3 U.S. automakers, only Ford is not in a coalition battling […]
Fleet is the stepchild of the auto industry. Few automakers discuss their participation, but almost everyone sells to fleet customers. Most years it’s a fifth of U.S. light-vehicle sales, according to Edmunds.com, TrueCar.com and the Automotive News Data Center. Edmunds.com put 2011 fleet sales at 2.5 million units.
Fleets need to take a holistic view of telematics data in order to implement long-lasting and effective risk management policies. Experts at the Insurance Telematics Europe conference in London said that companies who lay the blame for poor driving solely at the door of their drivers could be missing the root cause of the problem, […]