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Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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SEARCHMENUSEARCHThe market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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Typical seasonal highs and lows were disrupted this year due to a run of natural disasters destroying hundreds of thousands of vehicles and causing a surge in replacement activity. Overall fleet depreciation improved this year.
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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.
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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.
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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.
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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%.
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Steve Bloom, retired president of Enterprise Fleet Management, reflects on the key milestones that contributed to the growth of the business that now includes more than 50 fully staffed offices across the U.S. and Canada.
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As consumers and automakers continue to migrate away from sedans toward crossovers, there are no clear winners when analyzing total cost of ownership of individual models.
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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.
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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.
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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.
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