WALTHAM, MA – Due to a strong residual market in 2011, Thermofisher’s Global Sr. Category Leader for Fleet & Indirect Services, Rick Odell, C.P.M., told Automotive Fleet that his group was able to short-cycle 350 leases in 2011, generating a 10- to 20-percent premium over the expected residual values.
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There is a shortage of medium-duty trucks in the wholesale market due to the low volume of new units ordered from 2007 to 2010. This inventory shortage is forecast to persist for several years. The net result is higher resale values.
Read More →This article presents a timeline of the fleet remarketing industry.
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Started a decade ago, the International Automotive Remarketers Alliance (IARA) has become — and continues to grow — as an important and valuable voice in the remarketing industry.
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Combining forces for the first time ever, the National Auto Auction Association (NAAA) and the Conference of Automotive Remarketing (CAR), produced by Bobit Business Media, presented the 15th annual CAR Conference March 3-4 in Las Vegas.
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Small fleets once turned to online auctions, remarketing specialists, and Craigslist to sell vehicles faster, cut costs, and reach more buyers.
Read More →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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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 →On average it takes approximately nine days for owned fleets to receive funds from the resale of fleet vehicles, while leased/managed fleets take 21.5 days, according to a survey of fleet managers conducted by Automotive Fleet.
Read More →Taurus was still the best selling used car, as it has been for three years. Ford leads the light truck class as well, with the F-150. Another continuing trend is the popularity of green cars with tan interiors.
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