Resale values for mid-size sedans are substantially higher than in 2008, as are prices for light-duty trucks and SUVs. Contributing to this rebound is a decrease in wholesale inventory, low fuel prices, and strong retail used-vehicle sales.
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At the recent Conference of Automotive Remarketing (CAR) Conference in Las Vegas, Jim Hallett of ADESA, shared his insights on the future of the remarketing industry, in particular, the impact of technology.
Read More →Depreciation continues to be the largest fleet expense; however, fuel, as a percent of total fleet cost is growing (rapidly). Fuel expense is influencing vehicle acquisition strategies, with a direct bearing on future depreciation.
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Follow these common sense strategies before the acquisition decision, during ownership and prior to resale to help you hold the line on residual values.
Read More →Depreciation continues to be the largest fleet expense; however, fuel, as a percent of total fleet cost is growing (rapidly). Fuel expense is influencing vehicle acquisition strategies, with a direct bearing on future depreciation.
Read More →While flooding can happen almost anywhere at almost any time, because of the storms that hit the Eastern U.S. in the fall of 2005, there is a chance that unscrupulous parties will attempt to sell cars that have been under water.
Read More →To obtain maximum return when remarketing vehicles, fleet managers should use a remarketing service, which helps eliminate hidden losses associated with continued depreciation and tracks the status of the used-vehicle market.
Read More →For the fifth consecutive year, silver is the most popular color for passenger cars in North America. The annual survey by automotive finish producer PPG Industries indicates a slow shift in second choices, however.
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An estimated 250,000 to 1.2 million vehicles were damaged or destroyed by Hurricane Katrina. There were approximately 20,000 commercial fleet vehicles in the Gulf Coast at the time of the Hurricane with as many as 2,000 units destroyed or damaged.
Read More →Amid the heat and humidity of a southern summer, remarketing conference attendees discussed vehicle values and technology’s impact on selling and heard from industry leaders on benchmarking and auction best practices.
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