Overall car segment values decreased 0.26% last week, compared to 0.68% the week before. Overall truck segment values decreased 0.44% last week, compared to 0.71% the week before.
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The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
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Five of the most widely used vehicle segments among light-duty fleets saw relatively low depreciation in 2019.
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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.
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IAA has relocated its Jacksonville, Fla. branch. This branch is one of 11 the company operates in Florida.
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ACV Auctions said this acquisition furthers its mission to provide the industry with an accurate view of vehicle conditions.
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The wholesale market experienced above average depreciation last week, but there is the sentiment among remarketers that values may begin to stabilize soon.
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CUV/SUVs saw year-over-year declines to their wholesale values, but are still performing well due to continued demand for these segments and cheap gas prices, but an inflection point is approaching.
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The average sale price for a 3-year-old used vehicle was $14,951 less than its new equivalent in the third quarter of 2019.
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Through the partnership, more than 5,000 car dealers will gain the ability to list vehicles for sale, rent, or rent-to-own to ride share drivers who download the DriveItAway app.
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