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Mobility Software Leader Clutch Technologies Sees Positive Outlook for Flexible Access Category

Mobility Software Leader Clutch Technologies Sees Positive Outlook for Flexible Access Category
- Porsche, Lexus, Toyota and others lead continued expansion of Clutch-powered alternative ownership programs.
- Nearly 3 out of 4 in-market shoppers would consider a car subscription service instead of purchasing or leasing.
- Mix of personalized transportation solutions - flexlease, on-demand rental and subscription - simplify consumer mobility needs.
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ATLANTA, May 13, 2021 /PRNewswire/ Clutch Technologies continued commitment to innovation is helping vehicle dealers, manufacturers and fleet operators build more resilient businesses with next-generation flexible vehicle access products that deliver memorable customer experiences and unlock new revenue streams. According to a recent Autotrader Consumer Segmentation Study, nearly 3 out of 4 in-market shoppers would consider a car subscription service i ....

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Now is Perfect Time to Sell or Trade-In Your Car, According to Kelley Blue Book: Market Conditions Prime for Peak Consumer Profit Amid Low Inventory, High Prices

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IRVINE, Calif., May 6, 2021 /PRNewswire/ If you have been considering selling or trading in your car anytime soon, now is the time to get serious. With low vehicle inventory on dealership lots, increased car-shopper demand and resulting high prices, the market conditions are prime for peak consumer profit for people selling their vehicle, according to Kelley Blue Book.
Used-car prices are up 18% year-over-year, meaning that a used car sitting in someone s garage right now is currently worth on average nearly one-fifth more than it was last year. Given the high-ticket prices of vehicles, that percentage can translate into quite a bit more cash lining a seller s pockets. To view it another way, vehicles that were retaining 55% of their value a few months ago are fetching 60% to 65% of it now. ....

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Electric Last Mile Working with Cox Automotive to Prepare for Commercial EV Fleet Service Future

Press release content from Business Wire. The AP news staff was not involved in its creation.
Electric Last Mile Working with Cox Automotive to Prepare for Commercial EV Fleet Service Future
May 3, 2021 GMT
TROY, Mich. & ATLANTA (BUSINESS WIRE) May 3, 2021
Electric Last Mile, Inc. (“ELMS” or “the Company”), a pure-play commercial electric vehicle (“EV”) company focused on last mile delivery solutions, and Cox Automotive Inc. (“Cox Automotive”), among the largest automotive services providers in the world, today announced a new collaboration working towards delivering a more comprehensive service and support ecosystem for ELMS’ Urban Delivery EV customers. ELMS expects to begin production of the Urban Delivery by the end of the third quarter of 2021, making it the anticipated first commercial Class 1 EV officially available in the U.S. market. ....

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Kelley Blue Book Names Best Family Cars of 2021

Kelley Blue Book Names Best Family Cars of 2021
Experts Recommend New Two-Row, Three-Row, and Full-Size SUVs, Plus Minivans to Suit Any Family
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IRVINE, Calif., May 3, 2021 /PRNewswire/ Buying a new family car is a task brimming with important considerations, from lifestyle needs and budget concerns to passenger safety and comfort. With an increasing number of new SUV models and options hitting the marketplace every year, in addition to the perennial family-car favorite the minivan, the choices available can be overwhelming to parents in any stage of life. To help narrow down the consideration set, the experts at Kelley Blue Book named the Best Family Cars of 2021 to aid parents in deciding which new vehicle best suits their family. ....

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Cox Automotive April Forecast: Hot New-Vehicle Sales Pace Expected to Continue

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ATLANTA, April 28, 2021 /PRNewswire/ April U.S. auto sales, when announced next week, are expected to reveal a very hot new-vehicle market. The April sales pace is expected to finish near 16.5 million, which is down from last month s robust 17.7 million level but still a healthy pace for the industry. Sales in March were especially strong due in part to some February sales being delayed as a result of bad weather and the resulting power outages. The extra boost that benefitted March is not likely to be seen in April though.
Sales volume is expected to finish near 1.36 million, up nearly 640,000 units, a near 90% increase from last April s historic low result. Given the shock to the market last spring, a better comparison to measure the strength of the market is calendar year 2019, the last year the industry saw a robust 17.0 million market. Versus April 2019, vehicle sales are expected to increase more than 30,000 units, or 2.3 ....

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