Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
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.
George Daniel Largay died on Sept. 30 from pancreatic cancer. He was 75 years old.
Fleet management company remarketers discussed trends affecting their day-to-day jobs and the industry as a whole.
More SUVs, the retention of higher mileage vehicles, and new methods of remarketing are some trends fleets are observing in the wholesale market.
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.
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.
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.
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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