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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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October Sales Point Toward 17M SAAR in 2019

New vehicle sales were down 1.8% year-over-year in October and were down 1.6% through September.

The seasonally adjusted annualized rate of U.S. new vehicle sales could exceed 17 million units for the fifth straight year, a surprise for many, as forecasters predicted a slight drop off in 2019.