The $20 million in Series A funding from Lightspeed will enable Plug to boost supply, develop more technology, and widen wholesale and retail sales channels.
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The new arrangement opens a streamlined resale and sourcing channel for fleets, providing faster EV remarketing and access to battery-verified inventory.
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Moving electric vehicles through consignor and auction channels requires a better understanding of their unique attributes and potential.
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CAR 2023: A closing keynote presentation draws on data and information from J.D. Power on EV adoption hurdles in the years ahead.
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Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
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The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
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Automotive Fleet views itself as a facilitator to provide a platform for different voices from the industry to sound-off on today’s challenges. This regular column is designed to encourage discourse for fleet professionals to let their voices be heard to their peers and other industry professionals. Here is what is top of mind for fleet professionals concerning vehicle remarketing, electrification, and fuel management.
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As the UK’s largest leasing company, Lex Autolease, announces a new five year remarketing deal with BCA, Managing Director Richard Jones raises questions about the problem of establishing residual values for electric vehicles.
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Half of consumers indicated they were suddenly more interested in EVs and 36% were more likely to buy one in the future.
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The emergence of electric vehicles will be among the many top trends to be explored at the Conference of Automotive Remarketing June 15-17 that will be in-person and online.
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