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The agreement with Cox gives ELMS customers access to more than 6,000 service centers, 3,000 partner locations and 800 mobile technicians nationwide.
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The lack of new-vehicle inventory is steering many dealers and consumers into the used-vehicle market, resulting in higher prices for both wholesale and retail used vehicles.
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The collaboration promotes safe deployment of second-life use for Xos battery packs nearing end-of-life.
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Tight vehicle inventory continues to vex the auto industry while high prices deter buyers.
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Despite lower production, there are more vehicles ready to be sold due to sales losing momentum since June.
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Technician safety, culture, recruitment, and training remains top priority for the mobile fleet maintenance and repair company.
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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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The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
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As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
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On a year-over-year basis, all major market segments saw seasonally adjusted price increases in July.
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