Rental Risk Unit Mileage Falls 13% Click to view online.

January 16, 2017
Vehicle Logistics Firms MetroGistics, AmeriFleet to Merge

The merger will consolidate the fleet-related services of both companies with the goal of targeting new markets and service lines.

<p><em>Price changes for selective market classes for December&nbsp;2016&nbsp;versus December&nbsp;2015.&nbsp;Courtesy of Manheim.</em></p> Rental Risk Unit Mileage Falls 13%

In December, the average mileage on rental risk units sold (38,600 miles) was similar to recent months, but it was 13% lower than a year ago, according to Manheim. The Manheim Index for December finished at 124.9, a decline of 0.6% year-over-year.

<p><em>Photo courtesy of EveryCarListed via Flickr.</em></p> Annual New-Vehicle Sales Exceed 17.5M

The 3.1% year-over-year increase in new-vehicle sales in December was more than enough to push the industry’s annual sales tally above the 17.5 million-unit mark for 2016, according to Autodata Corp.

<p><em>Photo of Bill Walton during the opening keynote at CAR 2016 by Chris Wolski</em></p> CAR Attracting Top Vehicle Consignors

The 2017 Conference of Automotive Remarketing (CAR) is preparing itself for the largest gathering of consignors that the conference has ever seen.

<p><em>Kramarz</em></p> Automotive Finance Corp. Expands Leadership Team

Automotive Finance Corp. has promoted Joe Keadle to COO as well as created a new position for Paul Kramarz, who has joined the company as senior vice president of risk, according to the company.

Voting Opens for 2017 Consignor of the Year

Voting is open for the 2017 Consignor of the Year award, sponsored by the Bobit Business Media and the National Auto Auction Association. The ballot closes on Wednesday, Jan. 25, and the winner will be announced at the 2017 Conference of Automotive Remarketing, held March 1 to 2 at the Paris Las Vegas Hotel.

<p><em>Chart courtesy of Black Book</em></p> Smaller Cars Back in Demand, Black Book Says

Small cars are making a comeback to open the year, and Black Book believes the segment could be in for a good spring.

Joni Owens
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Mike Antich
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Andy Lundin
Assistant Editor
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