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Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
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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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George Daniel Largay died on Sept. 30 from pancreatic cancer. He was 75 years old.
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Fleet management company remarketers discussed trends affecting their day-to-day jobs and the industry as a whole.
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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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Fleet managers should consider seven areas of a vehicle, when maximizing resale value. Condition reports generated by third-party inspectors can help spell out a vehicle's true condition.
Read More →Vehicle remarketing has come a long way since J.D. Rawls held his first auction in 1938. As these 23 leaders show, the industry continues to grow and evolve.
Read More →Higher fuel prices, ongoing increases in replacement tire prices, more expensive motor oils required by OEMs, increased parts prices, and rising labor rates in high-cost markets have put upward pressure on operating costs.
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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