The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
Fleet data collected in 2019 found that depreciation expenses for most vehicles went down in 2019.
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.
In the 2019 fiscal year, the organization recorded more revenue, transactions, vehicles, locations, and customer miles logged than ever before.
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.
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. Read more here.
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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