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Vehicle supply seems to be less of an issue, while the effects on new-vehicle costs will manifest in the longer term.
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Analysis: Electric vehicle adoption is happening much slower than expected, and the profit margins are abysmal.
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While the UAW strike has slowed output at auto factories nationwide, the fallout has not fully hit consumers in dealer showrooms.
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BYD customers and their growing fleets of medium- and heavy-dutytrucks within the United States now have access to 24/7 roadside support and a nationwide network of EV-trained service technicians from Cox Automotive.
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Cox Automotive appointed Didier Van Bouwel to lead the ongoing expansion and development of its FleetMaster business.
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Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
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Amid a nationwide shortage of truck technicians and automotive mechanics, the fleet services division finds a way to keep and train enough vocational talent for long-term careers that meet maintenance demand.
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While the total supply of unsold used vehicles is down from the same time a year ago, they are up from the end of June.
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The deal further positions Cox Mobility in the fleet maintenance sector and expands its servicing of light, medium, and heavy-duty trucks and trailers.
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Dealer lots are no longer empty, with far more selection for vehicle shoppers who may have been waiting to buy a particular model.
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