The Car and Truck Fleet and Leasing Management Magazine

Remarketing

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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

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

September 22, 2017 - Industry News

Dealers More Optimistic About Used Car Market vs. New

Photo via order_242/Wikimedia (Creative Commons).

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.

Tags: Remarketing, Dealers, Cox Automotive, Experian

September 20, 2017 - Industry News

CarLotz Raises $30M in Funding

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

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

Tags: CarLotz, TRP Capital, Venture Capital, Remarketing

September 20, 2017 - Industry News

Fleet Lease Consignor Prices Climb Higher

Screenshot of Tom Kontos via KAR Auction Services.

Fleet lease consignor prices moved higher in August, increasing 1.4% over July and 2.3% through the first eight months of the year compared with 2016, according to the Sept. 20 Kontos Kommentary.

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

September 19, 2017 - Industry News

ADESA's KAR to Build New HQ in Indiana

A building design of the new KAR campus in Carmel, Indiana. Photo courtesty of KAR Auction Services.

Nearly 1,600 of KAR’s 17,400 employees are located in Indiana, and the new location provides space for an additional 400 jobs.

Tags: Indiana, Auctions, KAR Auction Services, Headquarters, Remarketing Executives

September 12, 2017 - Industry News

Manheim, ADESA Resume Florida Operations

Hurricane Irma forecast via NOAA.

Manheim and ADESA reopened their Florida auction facilities on Tuesday, as Hurricane Irma moved north toward Tennessee.

Tags: Hurricane Irma, Manheim, ADESA, Hurricanes, Florida Auctions

September 11, 2017 - Industry News

ADESA Closes Florida Auctions Ahead of Irma

Photo of ADESA Atlanta courtesy of ADESA.

Five ADESA auctions remained closed Monday as Hurricane Irma moved through Georgia and Alabama, and two ADESA auctions in those states curtailed hours and staff, the KAR Auction Services unit announced.

Tags: ADESA, Hurricanes, Hurricane Irma, Remarketing, Georgia Auctions, Florida Auctions

September 11, 2017 - Industry News

Past AFLA President, Enterprise Remarketing Manager Janik Dies

Janik

Greg Janik, president of the Automotive Fleet & Leasing Association (AFLA) from 1986-1987, passed away on Sept. 8. He was 74. Janik was a long-time member of AFLA and a strong supporter of the fleet industry.

Tags: AFLA, Obituary, IARA, Enterprise Rent-A-Car

September 6, 2017 - Industry News

Manheim to Close Florida Auctions Ahead of Irma

Satellite image of Manheim Fort Lauderdale via ThingLink.

Manheim has closed its Puerto Rico facility and will close four of its Florida auctions on Friday ahead of Hurricane Irma's expected landfall in Florida over the weekend, according to the company.

Tags: Manheim, Hurricanes, Emergency Planning, Hurricane Irma, Florida Auctions

September 1, 2017 - Industry News

Houston-Area Auto Auctions Get Back to Business

Photo of Manheim Houston in 2013 via YouTube.

Houston's auto auctions have begun assessing the impact of Hurricane Harvey so they can resume full business activity to supply replacement vehicles for those who lost cars, trucks, and SUVs in the flood.

Tags: Manheim, ADESA, Natural Disaster, Online Auctions, Hurricane Harvey, Hurricanes, Texas Auctions

August 29, 2017 - Industry News

Fleet Lease Consignor Prices Up 1.8% Through July

Screenshot of Tom Kontos

Auction prices for fleet lease vehicles have increased 1.8% through July even with a 0.1% decline in the month amid "price softening," according to Tom Kontos' latest commentary.

Tags: Remarketing, Tom Kontos, Mid-Size Sedans, Mid-Size SUVs, Used Vehicle Values

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