Automotive Lease Guide (ALG) released a residual projection model for vehicles used in commercial and rental fleets. ALG’s Fleet Residual model aims to provide fleet professionals with a method to project short-term vehicle depreciation. The Fleet Residual model bases its analysis upon historical trends of fleet vehicle auction resale performance, factors such as mileage and vehicle condition, incentives (fleet and consumer), vehicle days supply, new-car transaction prices, and macro- and micro-economic variables.

Originally posted on Fleet Financials