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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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A crop of 2015 model-year mid-size sedans that offer greater fuel efficiency and more safety features than ever before are expected to return less residual value to buyers in part due to higher supply volumes, according to a Black Book forecast.
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FLD, Inc. has launched the OnceOVR Pro mobile app, an extension of OnceOVR that was released earlier this year on iTunes, Google Play and Amazon for download at no charge.
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Used vehicles fell 12.1 percent in value during 2014, which represented a slight improvement from 2013, which saw a 12.8 percent depreciation, according to Black Book.
Read More →A Texas plumber's Ford F-250 has found a second life as a vehicle used on the front lines of the Syrian Civil War.
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The Chrysler Group has changed its official name change to FCA US, the company announced on Dec. 16.
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Although the overall fleet vehicle market depreciated by 12.1 percent over the previous year, the depreciation rate for cars was 14.8 percent and is expected to increase in 2015.
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The full-size pickup fleet segment depreciated by only 4.9 percent over the past 12 months; however, this rate is unlikely to continue into 2015.
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The used full-size van market has remained strong throughout 2014, but it is expected to decline in 2015. Part of the reason for the strength of the used van segment is the discontinuation of traditional U.S.-style vans by OEMs as the new European-style vans are released.
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The average price of a used vehicle fell 1.9 percent in November from the prior month led by steeper-than-expected declines by full-size pickups, according to Black Book.
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The vehicles should finish the year as the only category that will increase in residual value, while the broader market should depreciate more than 12 percent.
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