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Fleet Remarketing

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Photo of 2013 Chevrolet Express van courtesy of GM. 2014 Depreciation Expenses by Segment
Overall, depreciation is lower than pre-recession levels for the fleet vehicle market, with average months-in-service and mileage decreasing year-over-year.
With the completion of the current orders for the 2015 Chevrolet Express (pictured) and GMC Savana 1500 series units, the transition to the European-styled units is complete. 2015 Resale Forecast for Full-Size Vans
The used full-size van market has remained strong throughout 2014, but it is expected to decline in 2015. Part of the reason for the strength of the used van segment is the discontinuation of traditional U.S.-style vans by OEMs as the new European-style vans are released.
The total light-duty truck market (which includes vehicles such as the Ford F-150) depreciated by 10 percent and the full-size pickup segment depreciated by 4.9 percent. Photo courtesy of Ford Motor Co. 2015 Resale Forecast for Light-Duty Trucks
The full-size pickup fleet segment depreciated by only 4.9 percent over the past 12 months; however, this rate is unlikely to continue into 2015.
The Ford Fusion topped the volume list of cars in the fleet sedan market during the third quarter of 2014, according to Black Book's fleet data. 2015 Resale Forecast for Passenger Cars
Although the overall fleet vehicle market depreciated by 12.1 percent over the previous year, the depreciation rate for cars was 14.8 percent and is expected to increase in 2015.
Photo by Chris Wolski. 2014 Conference of Automotive Remarketing Recap
The 19th annual Conference of Automotive Remarketing (CAR) changed venues this year to the Paris Las Vegas Hotel. Perhaps reflecting this change, most of the sessions and events looked to the future of the remarketing industry.

Remarketing News

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MetroGistics Merges With McNutt Automotive Logistics
Vehicle logistics service provider MetroGistics has merged with McNutt Automotive Logistics, which provides asset and light logistics services, the companies have announced.
The Toyota Camry Hybrid wins a Vincentric Best Value in America award for the fifth year in a row. Photo courtesy of Vincentric.
Vincentric Names Best Vehicle Values for 2015-MY
Vincentric named the top 21 vehicles in its annual “Best Value in America” Awards for the 2015 model year based on total cost of ownership.
Industry Awards Announced at 2015 CAR Conference
The 2015 Consignor of the Year, Remarketer of the Year, and Industry Leadership Award were presented at the 2015 Conference of Automotive Remarketing (CAR), which was held March 18-19 at Caesars Palace in Las Vegas.
ARI Announces Auction of the Year Winners
ARI has announced the winners of the company's 2014 ARI Auction of the Year Award in each of its seven regions.
Manheim Reiterates Support for Multiplatform Bidding System
Manheim and several other remarketing industry partners will continue moving forward to develop a multiplatform bidding system in the wake of announcements by ADESA and ServNet Auctions dropping out of the planning process.
IARA Reinforces Stance on Multiplatform Bidding System
In light of recent announcements, the Executive Committee of the International Automotive Remarketers Alliance (IARA) issued a statement to reinforce its position on the Multiplatform Bidding System (MPS) initiative.
Photo of 2013 Chevrolet Tahoe courtesy of GM.
Cold Weather Strengthening Used SUV Sales
The average price of a used vehicle fell 1.2 percent in February as colder weather brought strength to SUV segments for the month, according to Black Book.
ServNet Withdraws from Multiplatform Bidding System initiative
ServNet announced that it has decided not to participate in the remarketing industry’s currently proposed Multiplatform Bidding System initiative (MPS).
Photo via Wikipedia.
ADESA Exits Multiplatform Online Auction Initiative
ADESA will not participate in an automotive remarketing industry initiative to establish a platform that would allow simultaneous bidding on vehicles listed on multiple online auction sites.
Photo courtesy of Ricky Beggs.
Ricky Beggs Retiring From Black Book
Ricky Beggs will retire from Black Book on April 1 as one of the leading authorities in the vehicle remarketing industry after a 34-year career with the used-vehicle data provider.

Research and Best Practices

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