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James McKinley of City Rent a Truck was named the inaugural Fleet Value Champion at the CAR Conference for his data-driven approach to fleet lifecycle management and vehicle remarketing.
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ARI has announced the winners of the company's 2014 ARI Auction of the Year Award in each of its seven regions.
Read More →Manheim and several other remarketing industry partners will continue moving forward to develop a multiplatform bidding system in the wake of announcements by ADESA and ServNet Auctions dropping out of the planning process.
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In light of recent announcements, the Executive Committee of the International Automotive Remarketers Alliance (IARA) issued a statement to reinforce its position on the Multiplatform Bidding System (MPS) initiative.
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The average price of a used vehicle fell 1.2 percent in February as colder weather brought strength to SUV segments for the month, according to Black Book.
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ServNet announced that it has decided not to participate in the remarketing industry’s currently proposed Multiplatform Bidding System initiative (MPS).
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ADESA will not participate in an automotive remarketing industry initiative to establish a platform that would allow simultaneous bidding on vehicles listed on multiple online auction sites.
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Ricky Beggs will retire from Black Book on April 1 as one of the leading authorities in the vehicle remarketing industry after a 34-year career with the used-vehicle data provider.
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Overall, depreciation is lower than pre-recession levels for the fleet vehicle market, with average months-in-service and mileage decreasing year-over-year.
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Full-size cars finished January with the strongest retention value in a month that saw used vehicles depreciate 1.2 percent, according to Black Book's monthly report.
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Last year the depreciation rate on used vehicles reached 12.1 percent, which was lower than the initial forecast. For 2015, depreciation levels are expected to hit 14.5 percent, according to a new report from Black Book and Fitch Ratings.
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