Fleets invest heavily in vehicle technology, but that value disappears at resale. Here’s how proof of maintenance and safety can carry forward into remarketing.
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IARA Summer Roundtable: Electrification expert Kristin Slanina supercharged the annual consignors and remarketers conference with a step-by-step hopeful outlook for adopting, using, and reselling EVs.
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An iSeeCars study found that purple- and red-colored cars hold their value the best in the sedan segment. But would you acquire them for fleet?
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The largest fleet expense is vehicle depreciation, so managing it is critical to operating a well-run fleet. Remarketing is core to fleet management. In many ways, fleets are very much the “factories” that manufacture used vehicles.
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The Automotive Fleet & Leasing Association (AFLA Canada) held a webinar on Thursday, May 7, 2020 on the Canadian fleet market titled "The Impact of the Recent Economic Downturn on Vehicle Depreciation: What Fleets Need to Know.”
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Overall used vehicle values are at strong levels. Crossover values are holding steady but there is cause for concern in the near future. Sedan values are expected to improve or stabilize as more crossovers enter the market.
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For the week of October 20, Black Book reports that overall car values decreased by 0.63 percent and volume-weighted truck values decreased by 0.62 percent.
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Because of historically high resale rates, most commercial fleets no longer sell out-of-service medium- and heavy-duty Class 3-8 trucks to their employees.
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What can the market expect of wholesale price trends in the second-half of 2012? Relative price stability and strong demand as consumers look to rid themselves of their aging vehicles.
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Fleets can achieve higher resale values by following some basic principles. Fleet remarketing experts share their expertise.
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