Manheim Used Vehicle Value Index Increases Through Q1
Wholesale used vehicle prices hit two-and-a-half-year high in March, with the Manheim Used Vehicle Value Index (MUVVI) up 6.2% year over year to 215.3. Wholesale inventory remained tight at Manheim, with sales conversion climbing to 68.2%—above historical norms.
Safety Benefits Stack Up From Driver Assistance Features
The safety benefits from features like automatic emergency braking, lane departure prevention and high-beam assist stack up as multiple systems are bundled together and updated versions deliver better results, a new study from the Highway Loss Data Institute shows.
Fleetio Launches Fleet Map to Reduce Downtime, Improve Maintenance Coordination
Fleetio, a leading fleet maintenance and optimization platform, announced Fleet Map, a new map-based view that reduces downtime and enables faster service decisions by showing all asset locations, job sites, maintenance statuses, and nearby shops or vendors in one place.
Car Buyers Don’t Like Subscriptions. Car Companies Are Pushing Them for Driver-Assistance Tech Anyway.
Rather than relying on a one-time sale of a car or parts to repair them later down the road, brands have figured out that they can instead continue to rake in money once a car leaves the lot by offering up subscriptions. Now driver-assistance tech is becoming the latest way to push monthly payments onto consumers.
EV Prices Drop Again as the Gap with Gas Cars Hits a Record Low
EV prices are still coming down in the US, and the gap with gas cars is now the smallest it’s ever been, according to new Kelley Blue Book data. The average transaction price (ATP) for a new EV in March was $54,508. That’s down 2.8% year over year and marks the third straight month of declines.
