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Remarketing

Screenshot of Tom Kontos courtesy of KAR Auction Services.

News

Fleet Lease Consignor Prices Advancing Steadily

Average wholesale prices for used fleet lease vehicles increased 0.2% in September from the prior month and 3.6% from the prior year in a market that was bolstered by dealer demand in hurricane-stricken regions, according to Tom Kontos, KAR Auction Services' chief economist.

Photo courtesy of Manheim.

News

Manheim Puerto Rico Hosts First Post-Hurricane Sale

Manheim Puerto Rico hosted its first post-hurricane sale on Oct. 12 — 200 vehicles were offered for sale, the auction announced. Of those, 70 sold and an additional 30 vehicles are pending sale.

News

Hurricane Replacement Still Boosting Used Vehicle Prices

The average price of used vehicles model years 2012-2016 fell 0.7% in September, with the lion’s share of that depreciation coming from the car segment, according to Black Book. As of September, all vehicles are averaging a 12-month depreciation of 14.5%.

News

RMS Automotive Enhances PSA Group's Dealer Portal

RMS Automotive has enhanced its MOVE dealer web portal for French manufacturer PSA Group's vehicles. PSA Group uses the upstream remarketing platform in 22 countries to for Peugeot, Citroen and DS Automobiles brands.

Segment prices compared to the same time last year. Photo courtesy of Manheim.

News

Used Vehicle Prices Expected to Rise Until End of Year

Wholesale used vehicle prices rose 2.77% in September on a month-over-month basis, which drove Manheim’s Used Vehicle Value Index up 6.3% from a year ago to 134.9, marking five months of consecutive growth.

Photo courtesy of iStockphoto.com.

Article

Condition Reports: Retaining Value for Off-Lease Vehicles

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.

Photo of Dodge Durango by Aneekr/Wikimedia Commons.

News

Durango, Grand Cherokee SUVs Recalled for Brakes

The recall, set to get under way Nov. 7, covers more than 646,000 vehicles in the 2011 to 2014 model years.

Photo courtesy of EveryCarListed via Flickr.

News

Hurricane Boost to Vehicle Sales May Last Until November

The demand for replacement vehicles has already started, and experts say it will continue well into October, and possibly November, as insurance payouts are received.

Photo via order_242/Wikimedia (Creative Commons).

News

Dealers More Optimistic About Used Car Market vs. New

Franchise dealers now view the used car market more optimistically than the new vehicle market, according to a new sentiment index from Cox Automotive. The finding speaks to the current shift of car buyers with prime and subprime credit toward the used market.

Photo of Charlotte, N.C. location via CarLotz.

News

CarLotz Raises $30M in Funding

The funding, provided by TRP Capital, will help the company expand retail locations that serve corporate fleet customers including fleet management companies.

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Remarketing

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Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

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Fleet Tracking And Telematics

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