CNW Research: Hike in September Fleet Sales
CNW Research says: “After a suspicious pre-election increase in government fleet orders in August, September’s government increase was a more mundane 14.5 percent. Still up substantially, but within the realm of plausible. Large Business fleet sales also returned to a more normal year-over-year increase of 24.8 percent. In all, September fleet business’ value was $14.25 […]
ALG Looks at Where Overall Used Vehicle Market and Residual Values are Heading
ALG has forecasted the overall used vehicle market for the next year along with analyzing upcoming residual value trends. ALG expects used market values to decrease by 4% to 5% over the next 12 months on an overall industry average partially driven by used market demand softening relative to new market demand. ALG believes used […]
NADA Used Car Guide on September Used Vehicle Price Trends
Wholesale prices dropped for the third straight month in September, yet market conditions are becoming more stable than they were a year ago when prices were dropping at a higher rate, according to NADA Used Car Guide. Off-rental volume is continuing to grow by double digits, which has caused compact and mid-size car and mid-size […]
Intel Bringing its Chip Design Expertise into Intelligent, Safe Cars
Intel wants to play a major role in the new age, creating small, energy-efficient multi-core chips that can make cars more intelligent. The company is looking ahead for safe-driving cars, so that the car can understand if a ball rolls out on the street, a child might be running after it, says Michael Konow, an […]
GM Upgrading Software on Volt to Fix Glitch
It turns out that about 4,000 2013 Chevrolet Volts have a glitch onboard that can cause the plug-in hybrid’s electric motor to shut down. General Motors is upgrading the software on these Volts for owners that use the delayed charging function, allowing owners to recharge the vehicle at certain times. GM has sent out letters […]
