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GM Envolve will prepare customers to stay ahead of change through a streamlined set of products and services tailored to their business’s current and future needs.
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Only three of eight major market segments saw seasonally adjusted prices that were higher year over year in September. The full-year Manheim Used Vehicle Value Index forecast is expected to finish the year down nearly 14% YOY, up from the second quarter’s revised forecast of a 6% decline.
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If retail consumers avoid buying new vehicles because of high inflation and interest rates, then OEMs may route more of them into fleet and lease channels.
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Sales into commercial fleets were up 37% and sales into government fleets were up 28% last month compared to August 2021.
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Sales into commercial fleets were up 19% year over year, and sales into government fleets were up 31%, but rental were down 7%.
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Looking at automakers, year-over-year changes in fleet sales differed by manufacturer, ranging from a decline of 97% to an increase of 28%.
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But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
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Jamie Trent, fleet sales manager with Knapheide, reveals how his passion for music has influenced how he approaches his day job.
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August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
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Bill Gibson, director of national sales for ELMS, passed away on August 26, 2021, in Orlando, Fla., following a brief illness. Gibson is best remembered for his fleet career at General Motors, where he retired on April 30, 2011, as director, sales for General Motors Fleet & Commercial Operations. He worked at GM for 38 years, which included 21 years in GM Fleet & Commercial Operation, which included rental, commercial, and global fleet sales.
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