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Full-size passenger vans lost the least value in the commercial vehicle resale market in February, a month that typically shows strong vehicle retention, according to Black Book.
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Wholesale used vehicle prices rose 0.8% in February while used vehicle sales declined 1.3%. The Manheim Used Vehicle Value Index now stands at 123.3, an increase of 1.1% from a year ago.
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GE Capital Fleet Services will begin offering a telematics service designed to allow fleet managers to track trailers, forklifts, generators, and other equipment, the fleet management company has announced.
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Hino Trucks announced the appointment of George Daniels to the position of SVP - sales and customer support. Daniels succeeds Bob McDowell, who is no longer with the company.
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Penske Logistics Mexico has named Pedro Sanchez as its sales director. Based in Saltillo, Mexico, Sanchez will be responsible for strategic business development.
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Josef Fidelis Senn, Ph.D., has been appointed president and CEO of Volkswagen Argentina. The Finance Department of Volkswagen Argentina is to be headed by Pablo Di Si. These changes took effect on March 1, 2014.
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The Hertz Corporation, a provider of general use car rentals, has signed an agreement with Costco in the UK, to bring short term Hertz 24/7 van rental to Costco's members.
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Tata Motors has launched 10 new heavy commercial vehicles from its Prima LX range to the Indian trucking market.
Read More →Mitsubishi Fuso Truck and Bus Corporation (MFTBC) has unveiled its strategic truck for Africa in Tanzania.
Read More →Daimler and Volvo are anticipated to lead the implementation of V2V communication systems among vehicle original equipment manufacturers (OEMs) across Europe.
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