Managing the Financial Side of Commercial Fleets

Remarketing

Schappert

News

LeasePlan USA Names Remarketing Director

LeasePlan USA has hired Phil Schappert as director remarketing to oversee vehicles through a variety of channels, the Alpharetta, Ga.-based fleet management company announced.

Photo of 2017-MY large pickups courtesy of manufacturers.

News

Resilient Used Vehicles Keeping Depreciation at Bay

Used vehicles from one to five years old fell 1.4% in value in October in a steady used-vehicle market that showed significant improvement from a year ago with large pickups leading the way, reports Black Book.

News

Hurricane Replacement Still Boosting Used Vehicle Prices

The average price of used vehicles model years 2012-2016 fell 0.7% in September, with the lion’s share of that depreciation coming from the car segment, according to Black Book. As of September, all vehicles are averaging a 12-month depreciation of 14.5%.

Screenshot of Tom Kontos via KAR Auction Services.

News

Fleet Lease Consignor Prices Climb Higher

Fleet lease consignor prices moved higher in August, increasing 1.4% over July and 2.3% through the first eight months of the year compared with 2016, according to the Sept. 20 Kontos Kommentary.

Janik

News

Past AFLA President, Enterprise Remarketing Manager Janik Dies

Greg Janik, president of the Automotive Fleet & Leasing Association (AFLA) from 1986-1987, passed away on Sept. 8. He was 74. Janik was a long-time member of AFLA and a strong supporter of the fleet industry.

Photo of 2012 Tacoma courtesy of Toyota.

News

Vehicle Depreciation Shows Pockets of Strength at Midway Point

The average price of a used vehicle for model years 2012 to 2016 decreased in value 1.3%, slightly more than the 1.2% decrease in May, according to Black Book. The price of cars overall dropped 1.8%, while trucks decreased 0.8% in value in June. All vehicles are averaging a 12-month depreciation of 16.7%.

Screenshot via Manheim/YouTube.

News

Used Vehicle Values Keep Climbing Higher, Manheim Says

The Manheim Used Vehicle Value Index hit a record high for the second consecutive month, as wholesale used-vehicle prices rose 1.1% month over month in June. The increase brought the Index to 129.3, a 2.5% increase from a year ago.

Photo of 2015 Ram ProMaster courtesy of FCA.

News

Used Vehicle Depreciation Accelerates in May

Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.

Screenshot of Tom Kontos courtesy of ADESA.

News

April Used Prices Rise on Truck Strength, Kontos Says

Average wholesale prices increased in April from March and from a year ago on the strength of truck values, but several benchmark segments in fleet lease sales are showing weakness, said Tom Kontos in his monthly commentary.

News

GM Financial Reports Downdraft in Used Car Values

GM Financial reported $202 million in net income in the first quarter of 2017, a 23% increase over the same time last year, despite pressure on used-car values, the company has announced.

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