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48% of field service leaders are investing in AI to manage customer communication and self-service. Get the latest on how fleets are using AI and thinking about the future.
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Last year the depreciation rate on used vehicles reached 12.1 percent, which was lower than the initial forecast. For 2015, depreciation levels are expected to hit 14.5 percent, according to a new report from Black Book and Fitch Ratings.
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FLD, Inc. has launched the OnceOVR Pro mobile app, an extension of OnceOVR that was released earlier this year on iTunes, Google Play and Amazon for download at no charge.
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Used vehicles fell 12.1 percent in value during 2014, which represented a slight improvement from 2013, which saw a 12.8 percent depreciation, according to Black Book.
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The ongoing economic recovery has fueled slightly higher depreciation for medium-duty trucks. It is expected that overall depreciation for 2015 will be 15.5-16.5%.
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Utilities in Texas or Pennsylvania looking to expand or replace their existing fleets will have two opportunities in the month of January. The auctions will be held Jan. 29 and 31.
Read More →A Texas plumber's Ford F-250 has found a second life as a vehicle used on the front lines of the Syrian Civil War.
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The Chrysler Group has changed its official name change to FCA US, the company announced on Dec. 16.
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The full-size pickup fleet segment depreciated by only 4.9 percent over the past 12 months; however, this rate is unlikely to continue into 2015.
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The used full-size van market has remained strong throughout 2014, but it is expected to decline in 2015. Part of the reason for the strength of the used van segment is the discontinuation of traditional U.S.-style vans by OEMs as the new European-style vans are released.
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The average price of a used vehicle fell 1.9 percent in November from the prior month led by steeper-than-expected declines by full-size pickups, according to Black Book.
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