The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
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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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In the 2019 fiscal year, the organization recorded more revenue, transactions, vehicles, locations, and customer miles logged than ever before.
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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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Steve Bloom, who was previously the president of Enterprise Fleet Management before his retirement, was inducted into the Fleet Hall of Fame at the 2017 AFLA Conference.
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Enterprise Holdings and Enterprise Fleet Management increased revenue 8.1% to $20.9 billion for the 2016 fiscal year for its rental and fleet management businesses, the privately-held company has announced.
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