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Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.
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Corporate finance departments and fleet managers bring different perspectives to priorities such as vehicle acquisition, cost reduction measures, and maintenance and repair that can create obstacles such as "a significant lack of communication," according to a new survey from Fleet Advantage.
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Depreciation, new vehicle prices, and residual value all affect businesses with mobile workforces – here’s what to expect.
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Ford or Lincoln vehicles have captured the most awards by a single manufacturer among the 39 vehicles named to Vincentric's Best Fleet Value in America list for the 2018 model year.
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Five General Motors vehicles from the 2018 model year have the lowest cost to own in their categories over a five-year period, while four Toyota or Lexus vehicles also made an annual list from Kelley Blue Book.
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As consumers and automakers continue to migrate away from sedans toward crossovers, there are no clear winners when analyzing total cost of ownership of individual models.
Read More →As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.
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Ford and Nissan vehicles appeared most prominently among the vehicles chosen as having the best fleet value by Vincentric for the 2017 model year, the firm that analyzes total cost of ownership announced.
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Subaru and Acura ranked as the top automotive brand in Kelley Blue Book's annual 5-Year Cost to Own awards that names top luxury and non-luxury brands as well as 21 vehicle categories.
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More than 90% of the 272 diesel-powered pickups on the market cost more to operate than their gasoline counterparts, while nine diesel passenger cars had a lower total cost of ownership (TCO), according to new data from Vincentric.
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