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The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
Fleet data collected in 2019 found that depreciation expenses for most vehicles went down in 2019.
Five of the most widely used vehicle segments among light-duty fleets saw relatively low depreciation in 2019.
Analysts found that, as in 2018, consumers continued to abandon car segments in 2019. Light trucks are on track to account for more than 70% of overall new-car sales for 2019, while cars will account for less than 30% of new-car sales.
As we reach the end of 2019, we’re looking back at the top 10 news stories and top five articles posted on Vehicle Remarketing this year.
IAA has relocated its Jacksonville, Fla. branch. This branch is one of 11 the company operates in Florida.
The International Automotive Remarketing Alliance’s (IARA) CAR Certification became part of Auction Academy’s curriculum in February 2018.
Quanta Services has partnered with Ritchie Bros. to develop a new online inventory management system that will help improve how the company redeploys assets across its operating locations and subsidiaries.
Dealers who purchase a vehicle on Manheim Express are now able to order Ready Logistics’ transportation services directly through the app.
Bruce Beam, president of ServNet Auctions and general manager of Dealers Auto Auction of OKC, outlined some of his and the organization’s goals for the coming year.