The Car and Truck Fleet and Leasing Management Magazine

Remarketing

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February 13, 2018 - Press Release

Emkay, ADESA to Raise Funds for Diabetes

KAR Auction Services ADESA unit is partnering with fleet management company Emkay to raise $267,000 over six years to support JDRF, which funds type 1 diabetes research.

Tags: Emkay, ADESA, Charity, Fundraising

February 9, 2018 - Industry News

Lowest 5-Year Cost-to-Own Vehicles Named

Logo: KBB

Five General Motors vehicles from the 2018 model year have the lowest cost to own in their categories over a five-year period, while four Toyota or Lexus vehicles also made an annual list from Kelley Blue Book.

Tags: Operating Costs, Kelley Blue Book, TCO

January 29, 2018 - Industry News

Manheim's Digital Sales Reach 40% in 2017

Screencap from Manheim video.

In 2017, 40% of vehicles sold at Manheim were purchased through a digital screen versus in-lane, reported Manheim in a recent announcement. This meant that through 2017, 2 million vehicles at Manheim auctions were purchased through a digital transaction.

Tags: Manheim, Online Auctions, Digital Sales, Manheim OVE

January 26, 2018 - Industry News

KAR Brings Hammer Back as ADESA President

Hammer

KAR Auction Services has named John Hammer as president of ADESA following a resignation of Stéphane St-Hilaire, who served as CEO and president of ADESA since 2014.

Tags: ADESA, KAR Auction Services, Executive Appointment

January 22, 2018 - Industry News

Fleet Lease Consignor Prices Fall 1.9% in December

Average wholesale prices for fleet lease vehicles were down 1.9% month-over-month, but up 0.4% year-over-year, according to Tom Kontos, KAR Auction Services' chief economist.

Tags: Tom Kontos, Consignors, KAR Auction Services, Used Vehicle Values

January 5, 2018 - Industry News

Used Vehicle Retention Weakens in December: Black Book

An index that tracks wholesale used vehicle values fell in December for the first time in four months at a time when the used vehicle market typically shows some weakness. It also reinforced 2017 as a growth year for used vehicle sales.

Tags: Black Book, Used Vehicle Values, Trends, Remarketing

January 3, 2018 - Global News

Jardine Motors Signs Three-Year Deal with British Car Auctions

United Kingdom-based Jardine Motors has signed a three-year deal with British Car Auctions (BCA) to remarket roughly 20,000 vehicles a year.

Tags: Dealership, Auctions, United Kingdom, Remarketing

December 27, 2017 - Industry News

Full Agenda Revealed for 2018 Conference of Automotive Remarketing

CAR's full agenda has been revealed, and its keynote speakers include ARI's COO, an Olympic gold medal winner, and Enterprise's senior VP of Fleet North America.

Tags: Bobit Business Media, Consignor of the Year, Awards, NAAA, Conference of Automotive Remarketing, Remarketing Events

December 27, 2017 - Industry News

Used Car Market Should Grow 1% in 2018

File art

The used vehicle market should grow about 1% in 2018 bolstered by a federal tax cut and influx of utility vehicles, while new vehicle sales are expected to remain flat, according to Cox Automotive's senior economist.

Tags: Cox Automotive, Used Vehicle Values, Forecast, Remarketing

December 14, 2017 - Industry News

Hurricanes Boosted Used Vehicle Values 2%

Courtesy of Enterprise Holdings.

The hurricanes that swept through Texas and Florida destroyed and damaged as many as 900,000 vehicles, and the replacement activity that the catastrophic events spurred boosted retention by almost 2%, according Black Book.

Tags: Depreciation, Black Book, Used Vehicle Values, Cash for Clunkers, Hurricanes

December 11, 2017 - Industry News

Late Model Year Vehicle Values Fall in November

The average price of a used vehicle from model years 2012 to 2016 depreciated in value by 2.2%, in November, according to Black Book. Year-over-year, the average value for these vehicles has depreciated by 13.2%.

Tags: Depreciation, Black Book, Used Vehicles, Used Vehicle Values

November 27, 2017 - Industry News

Subaru, Land Rover Earn Top ALG Residual Value Awards

Photos courtesy of Subaru and Land Rover.

ALG has named Subaru and Land Rover as having the best overall residual values of the 2018 model year in its annual retail-based analysis, the TrueCar Inc. subsidiary announced.

Tags: Land Rover, Residual Values, ALG, Subaru, Awards, Mercedes-Benz CLA

November 22, 2017 - Industry News

LeasePlan USA Names Remarketing Director

Schappert

LeasePlan USA has hired Phil Schappert as director remarketing to oversee vehicles through a variety of channels, the Alpharetta, Ga.-based fleet management company announced.

Tags: Fleet Management Companies, LeasePlan, New Hire

November 16, 2017 - Industry News

Fleet Lease Consignor Prices Fall 1.6%

Screenshot via KAR Auction Services.

Wholesale prices for fleet lease consignor vehicles fell 1.6% in October from the prior month and 4.5% higher than a year ago, Tom Kontos said in his monthly commentary.

Tags: Tom Kontos, Consignors, KAR Auction Services, Used Vehicle Values

November 14, 2017 - Industry News

High-Mileage Vehicle Depreciation Strengthens

Photo via Peter Stevens / Flickr

Vehicles over 100,000 aren’t depreciating at the same as they used to due mostly to a tight supply of late-model used vehicles, according to Edmunds’ Q3 Used Vehicle Market Report.

Tags: Depreciation, Edmunds, Used Vehicle Values

November 13, 2017 - Industry News

Resilient Used Vehicles Keeping Depreciation at Bay

Photo of 2017-MY large pickups courtesy of manufacturers.

Used vehicles from one to five years old fell 1.4% in value in October in a steady used-vehicle market that showed significant improvement from a year ago with large pickups leading the way, reports Black Book.

Tags: Depreciation, Black Book, Used Vehicle Values, Prestige Luxury Cars, Sports Cars, Large Pickups

November 10, 2017 - Industry News

Registration Opens for 2018 Conference of Automotive Remarketing

This year, the 23rd annual conference will be hosted at Caesar’s Palace in Las Vegas from March 6 to 7, following meetings of the International Automotive Remarketers Alliance and National Auto Auction Association meetings on March 5.

Tags: IARA, NAAA, CAR, Remarketing Events

November 8, 2017 - Industry News

Manheim's Used Vehicle Values Rise 6 Straight Months

Courtesy of Manheim.

Wholesale used vehicle prices rose for the sixth month in a row in October, increasing by 1.02%, according to Manheim’s October Used Vehicle Value Index. This brought the index to 136.3, an 8.1% rise from a year ago.

Tags: Depreciation, Remarketing, Manheim, Used Vehicle Values, Trends

October 20, 2017 - Industry News

Fleet Lease Consignor Prices Advancing Steadily

Screenshot of Tom Kontos courtesy of KAR Auction Services.

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.

Tags: Tom Kontos, Consignors, KAR Auction Services, Used Vehicle Values

October 16, 2017 - Industry News

Manheim Puerto Rico Hosts First Post-Hurricane Sale

Photo courtesy of Manheim.

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.

Tags: Remarketing, Manheim, Puerto Rico, Hurricanes, Hurricane Maria

October 12, 2017 - Industry 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%.

Tags: Depreciation, Remarketing, Black Book, Used Vehicle Values

October 10, 2017 - Global 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.

Tags: RMS Automotive, Upstream Remarketing, Global, PSA Group

October 6, 2017 - Industry News

Used Vehicle Prices Expected to Rise Until End of Year

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

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.

Tags: Remarketing, Manheim, Used Vehicle Values

October 3, 2017 - Industry News

Durango, Grand Cherokee SUVs Recalled for Brakes

Photo of Dodge Durango by Aneekr/Wikimedia Commons.

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

Tags: Jeep, Dodge, Jeep Grand Cherokee, 2011-MY, 2012-MY, Recalls, Dodge Durango, 2013-MY, Brakes, 2014-MY, Mid-Size SUVs, NHTSA, FCA, Safety

September 27, 2017 - Industry News

Hurricane Boost to Vehicle Sales May Last Until November

Photo courtesy of EveryCarListed via Flickr.

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.

Tags: Kelley Blue Book, Forecast, Hurricane Harvey, Hurricane Irma, New Vehicle Sales

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