Wholesale Used-Vehicle Prices Declined in May
Wholesale used-vehicle prices were down in May compared to April. The Manheim Used Vehicle Value Index fell to 197.3, a decline of 12.1% from a year ago.
“While declines in used-vehicle values overall were a bit muted in the first half of May, they picked up in the latter half of the month,” said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. “It’s seasonally normal to get some weakening in the market over the Memorial Day weekend; but this month, we experienced a little more softening in the final week. As we move into summer, used retail days’ supply remains lower than last year, which could bring in more buyers at Manheim in the coming weeks.”
Wheels Launches ‘Pool Checkout’: A New State-of-the-Art Solution to Manage Shared Vehicles
Wheels announced the launch of Pool CheckOut™, its new end-to-end solution for managing shared vehicles.
The new cloud-enabled fleet management solution incorporates a number of powerful features such as instant access to booking data, automated scheduling, checklist inspections, optimizing vehicle distribution to meet demand, and key management solutions like connected and keyless access to vehicles.
Summer of Safety: Taking the Pledge with eDriving
By Sarah Bechtold, eDriving
Summer is a time for adventure, relaxation, and exploration. With the sun shining and the roads calling, it's also a season when driving risks can increase.
A Summer Safety Pledge is more than a promise; it’s a commitment to prioritize the well-being of drivers, passengers, and other road users. By taking this pledge, fleets can foster a culture of safety, reduce collision and incident rates, and enhance overall operational efficiency.
As we embrace the Summer of Safety pledge, tools like Mentor by eDriving become indispensable allies. Mentor is a comprehensive digital driver risk management program that utilizes telematics data to monitor and improve driving behavior.
A Call to Action: Generative AI Can Deliver More Effective Fleet Marketing Results and Enhance Efficiency
By Ed Pierce, Fleet Management Weekly’s Brand Acceleration
Generative AI leverages advanced algorithms and machine learning to create personalized content, automate repetitive tasks, and provide deep insights into consumer behavior. Unlike traditional AI, which relies on pre-programmed rules, generative AI learns from data to create outputs that mimic human creativity and decision-making.
For example, generative AI can analyze a customer's past interactions with a brand to predict future behavior and preferences. This allows marketers to send personalized offers and recommendations that are more likely to convert.
Generative AI is revolutionizing the marketing landscape by delivering more effective results and enhancing efficiency. From automating content creation to providing profound insights and real-time adaptability, generative AI offers a powerful toolset for modern marketers.
New This Year: Professional Development Seminars Available Before NETS Conference
This year NETS is offering PROFESSIONAL DEVELOPMENT SEMINARS (PDS) in conjunction with their annual conference provided by National Safety Council, American Society of Safety Professionals (ASSP), and many more!
Topics include ASSP's Incident Investigation, ASSP's Safety Through Accountability and Recognition, CEPA’s Comprehensive Driver Safety Program, Driver Direct™ with The Smith5Keys® and many more.
