Managing the Financial Side of Commercial Fleets

Remarketing

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February 9, 2018 - Industry News

Lowest 5-Year Cost-to-Own Vehicles Named

Logo: KBB

Five General Motors vehicles from the 2018 model year have the lowest cost to own in their categories over a five-year period, while four Toyota or Lexus vehicles also made an annual list from Kelley Blue Book.

Tags: Operating Costs, Kelley Blue Book, TCO

January 22, 2018 - Industry News

Fleet Lease Consignor Prices Fall 1.9% in December

Average wholesale prices for fleet lease vehicles were down 1.9% month-over-month, but up 0.4% year-over-year, according to Tom Kontos, KAR Auction Services' chief economist.

Tags: Tom Kontos, Consignors, KAR Auction Services, Used Vehicle Values

December 27, 2017 - Industry News

Used Car Market Should Grow 1% in 2018

File art

The used vehicle market should grow about 1% in 2018 bolstered by a federal tax cut and influx of utility vehicles, while new vehicle sales are expected to remain flat, according to Cox Automotive's senior economist.

Tags: Cox Automotive, Used Vehicle Values, Forecast, Remarketing

November 22, 2017 - Industry News

LeasePlan USA Names Remarketing Director

Schappert

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.

Tags: Fleet Management Companies, LeasePlan, New Hire

November 13, 2017 - Industry News

Resilient Used Vehicles Keeping Depreciation at Bay

Photo of 2017-MY large pickups courtesy of manufacturers.

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.

Tags: Depreciation, Black Book, Used Vehicle Values, Prestige Luxury Cars, Sports Cars, Large Pickups

October 12, 2017 - Industry 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%.

Tags: Depreciation, Remarketing, Black Book, Used Vehicle Values

September 20, 2017 - Industry News

Fleet Lease Consignor Prices Climb Higher

Screenshot of Tom Kontos via KAR Auction Services.

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.

Tags: Tom Kontos, KAR Auction Services, Used Vehicle Values, Remarketing

September 11, 2017 - Industry News

Past AFLA President, Enterprise Remarketing Manager Janik Dies

Janik

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.

Tags: AFLA, Obituary, IARA, Enterprise Rent-A-Car

July 17, 2017 - Industry News

Vehicle Depreciation Shows Pockets of Strength at Midway Point

Photo of 2012 Tacoma courtesy of Toyota.

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%.

Tags: Black Book

July 10, 2017 - Industry News

Used Vehicle Values Keep Climbing Higher, Manheim Says

Screenshot via Manheim/YouTube.

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.

Tags: Manheim, Used Vehicles, Used Vehicle Values, Used Vehicle Sales, Cox Automotive

June 9, 2017 - Industry News

Used Vehicle Depreciation Accelerates in May

Photo of 2015 Ram ProMaster courtesy of FCA.

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

Tags: Depreciation, Remarketing, Black Book, Used Vehicle Sales

May 18, 2017 - Industry News

April Used Prices Rise on Truck Strength, Kontos Says

Screenshot of Tom Kontos courtesy of ADESA.

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.

Tags: ADESA, Tom Kontos, Large Pickups, Used Vehicle Values

May 16, 2017 - Industry 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.

Tags: Remarketing, Incentives, General Motors, Financing, Used Vehicles, Used Vehicle Sales

May 15, 2017 - Industry News

Smaller Cars Bolster April Depreciation

Photo of 2014 Transit Connect courtesy of Ford.

Used vehicles increased 0.4% in value in April, as buyers boosted the value of smaller cars, which have begun to shrug off several years of heavier declines, according to Black Book.

Tags: Black Book, Depreciation, Used Vehicle Sales, Compact Cars

May 3, 2017 - Industry News

Small Car Depreciation Improves in April

Used vehicle values increased slightly in April as tracked by Black Book's Used Vehicle Retention Index that measures values of 2- to 6-year old vehicles, according to the company.

Tags: Remarketing, Black Book, Compact SUVs, Subcompact Cars, Compact Cars

April 25, 2017 - Industry News

Ford, Nissan Top Vincentric's Fleet Value List

Logo: Vincentric

Ford and Nissan vehicles appeared most prominently among the vehicles chosen as having the best fleet value by Vincentric for the 2017 model year, the firm that analyzes total cost of ownership announced.

Tags: Vincentric, Nissan, Ford, Awards, TCO, Operating Costs

April 10, 2017 - Industry News

Manheim: Used-Car Reports Signal Stability

Photo of 2014 Ram 1500 courtesy of FCA.

While wholesale used-vehicle prices declined by 0.5% in March, the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and season — came to a reading of 124.1. This is an increase of 1.3% from a year ago.

Tags: Remarketing, Manheim, Used Vehicles

April 7, 2017 - Industry News

Used Vans, Cars Bolster March Depreciation

Photo of 2014 Chevrolet Express courtesy of GM.

Used cars outperformed trucks in March, as full-size pickups, compact vans, compact cars, and sporty cars increased in value, while as overall used vehicles depreciated 0.6%, according to Black Book.

Tags: Remarketing, Black Book, Compact Vans, Large Pickups

March 16, 2017 - Industry News

Auction Academy Expands Training Program

File photo of an Auction Academy class

The Auction Academy is expanding its training to include commercial and government fleet managers, commercial account representatives, and dealers for the first time in its five years of existence, the continuing education organization has announced.

Tags: Training, Continuing Education, Auction Academy

March 10, 2017 - Industry News

Mitsubishi Mirage Tops Cheapest Cars to Lease List

Photo of 2017 Mirage courtesy of Mitsubishi.

The Mitsubishi Mirage topped a list of the most affordable cars for retail leasing under a methodology that relies heavily on depreciation as a driver of total leasing costs.

Tags: Leasing, Depreciation, Subaru, Mitsubishi

March 8, 2017 - Industry News

Used Vehicles See Lighter Depreciation in February

Photo of 2015 Ram ProMaster City compact van courtesy of FCA.

Two- to six-year old vehicles depreciated 0.8% in February, with trucks and vans showing relative strength, while luxury and sporty cars again fell hardest, especially when compared to year-ago values, according to Black Book.

Tags: Depreciation, Black Book

February 27, 2017 - Industry News

Vehicle Depreciation to Reach 17.8% in 2017

Chart courtesy of Black Book.

The vehicle depreciation rate will reach 17.8% in 2017 on 17 million new-vehicle sales, slightly higher than the 17.3% mark recorded in 2016, according to latest forecast from Black Book and Fitch Ratings. Prior to the Great recession, annual depreciation trended between 16% and 18%.

Tags: Remarketing, Black Book, Used Vehicles, Fitch Ratings

February 10, 2017 - Industry News

Pickups Show Lowest January Depreciation

Photo of 2015 Chevrolet Colorado courtesy of GM.

Small and large pickups were among the top performing segments in January with a 1.1% depreciation rate among two- to six-year-old vehicles sold in auction lanes, according to Black Book.

Tags: Depreciation, Remarketing, Black Book, Used Vehicle Sales

February 7, 2017 - Industry News

ALG Sets Bolt EV's Residual Value

Photo of 2017 Chevrolet Bolt EV by Paul Clinton.

The 2017 Chevrolet Bolt EV should retain as much as 39% of its value after three years of retail leasing, which is significantly better than other mainstream competitors, according to ALG.

Tags: Chevrolet Bolt EV, Chevrolet, ALG, Residual Values, Battery-Electric Vehicles, Remarketing

January 30, 2017 - Industry News

Fleet Street Remarketing Hires VW's Struna

Struna

Largo, Fla.-based Fleet Street Remarketing has hired Debbie Struna as national account manager. Struna left her role as Volkswagen of America's fleet account manager for the Pacific Region earlier this month.

Tags: Volkswagen, Fleet Street Remarketing, New Hire

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