Fleets Using GPS Tracking for Commercial Vehicles & Assets

While delivery and service fleets have shown a lot of interest in GPS tracking, GPS Insight has also been receiving a lot of phone calls and inquires asking what commercial GPS fleet tracking software can actually track. Some of the commercial vehicles typically being tracked include Light/Heavy Duty Trucks, Cargo Vans, Box Trucks, Freight/Semi Trucks, […]

 

Softening Gas Prices Haven’t Meant Softening UC Prices

Black Book’s Ricky Beggs has been reporting on a surprising trend out in the market – yes, gasoline prices continue to fall, but, no, used vehicle prices for fuel-efficient vehicles are not following right behind as they usually do. Entry midsize cars, compact cars, and upper midsize cars have been seeing strong price retention at auction for the past three months, Beggs says. Gasoline prices fell another six cents last week and the national average has dropped to $3.37; so far, it’s not negatively affecting these segments at auctions.

 

Conditions Changing in New and Used – What’s Next?

There appears to be signs that the boom in new and used vehicle sales may be changing soon. The expected drop in used-vehicle prices will cut the value of trade-ins, and interest rates are expected to rise. A continued shutdown of the federal government may also affect consumer spending and slow down car sales. Edmunds.com predicts new vehicle sales will reach 15.5 million this year 16.4 million next year. But much of the market’s strength today rests on easy credit.

 

NADA Used Car Guide Expects Stronger Pricing at End of Year

Jonathan Banks Executive Automotive Analyst NADA Used Car Guide September saw a seasonal price drop typical during this month – dropping 2.6% and ending a three-month period where depreciation was staying at 1.2%; While larger than recent months, it was one-tenth of a point less severe than the 2.7% average for that month from 2005 […]

 

Kontos Sees Expected Price Softening Continue

Tom Kontos Executive Vice President & Chief Economist ADESA Analytical Services Wholesale price softening continued in September both month-over-month and year-over-year; It was driven mainly by continued volume growth and fewer retail used units sold; Late model off-rental and risk units bucked the trend, continuing to see year-over-year price growth outside seasonal declines. Wholesale Used […]