Fleet data collected in 2019 found that depreciation expenses for most vehicles went down in 2019.
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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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Deprecation was low through most of 2018. Segments such as sedans performed better than they have in years past, while trucks and SUVs continue to retain their values well.
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More SUVs, the retention of higher mileage vehicles, and new methods of remarketing are some trends fleets are observing in the wholesale market.
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KAR Auction Services ADESA unit is partnering with fleet management company Emkay to raise $267,000 over six years to support JDRF, which funds type 1 diabetes research.
Read More →Emkay's Vehicle Remarketing Department has been re-certified by the International Automotive Remarketers Alliance (IARA) Certified Automotive Remarketer (CAR) program, the fleet management company announced.
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Emkay's Jack Rennels, vice president of vehicle remarketing, is retiring after more than 35 years in the fleet industry.
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Emkay Inc. has promoted John Elizaga to director of vehicle remarketing.
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Dealers Auto Auction of Murfreesboro proudly joined the Emkay 100% Club Award for 2012. In another initiative to better serve clients and customers, DAA Murfreesboro has purchased property adjacent to its auction on Old Fort Parkway.
Read More →Indiana Auto Auction (IAA) received two auction awards at the Conference of Automotive Remarketers (CAR) in Las Vegas in early March 2013.
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