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Used Fleet Vehicles Fall 0.6% in October

Used fleet vehicle values were slightly lower in October but performed better than other segments.

The values of vehicles sold at ADESA auctions from fleet consignors fell 0.6% to $13,309 in October but remain 2.4% higher from a year ago, according to Tom Kontos, KAR Global's chief economist.

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Used Fleet Vehicles Fall 1.6% in September

Former fleet vehicles fell 1.6% in September in wholesale sales.

The value of former fleet vehicles sold at physical auctions and through other wholesale channels fell 1.6% in September compared to August but were 0.9% higher than a year ago, according to commentary by KAR Global's chief economist.

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Used Fleet Vehicle Values Increase 4.1% This Year

Fleet consignors have seen a 4.1% increase in used vehicle values so far in 2019.

The value of used fleet vehicles sold in wholesale channels increased 0.4% to $13,812 in July and are now up 4.1% through the first eight months of 2019, according to Tom Kontos, chief economist for KAR Auction Services.

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In Memoriam: IFS Founder Tim Janssen

Tim Janssen, the retired president of IFS (Innovative Funding Services LLC), passed away on Aug. 14 in Largo Vista, Texas. He was 55. Janssen founded IFS in 2007 and served as president of IFS for more than 12 years until his retirement in Jan. 1.

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Used Fleet Vehicles Increase 2% in May

Fleet consignors continue to see relative strength compared to vehicles from dealers and...

Used vehicles from fleet consignors in ADESA sales increased 2% in May to $14,043 and were 5.5% above a year ago, according to monthly commentary from Tom Kontos, chief economist for KAR Auction Services.

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Used Fleet Vehicles Increase 4.3% in April

Tom Kontos, KAR economist, reported strong wholesale sales of fleet vehicles in April.

Used vehicles from fleet consignors in ADESA sales increased 4.3% to $13,771 in April compared to March, and were up 4.4% from a year ago, according to monthly commentary from Tom Kontos.

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Sixt's Q1 Revenue Hits $697M

Sixt's Q1 Revenue Hits $697M

Following this Q1 start, the managing board of Sixt confirms its outlook for the entire fiscal year of 2019 and plans investments of around 8 billion euros ($9 billion).