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Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
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Used vehicles sold at auction lost a scant 0.3 percent of their value in March, a month known for strong retention as tax-refunded buyers come out in droves, according to Black Book.
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General Motors and Ford Motor Co. provided the most value to light-duty fleet vehicle purchasers, according to Vincentric's Best Fleet Value in America awards for 2014.
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Emkay's Vehicle Remarketing Department has been re-certified by the International Automotive Remarketers Alliance (IARA) Certified Automotive Remarketer (CAR) program, the fleet management company announced.
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Manheim recently opened a new service center in Riverside, Calif., taking over a former newspaper printing plant. The result has been a boon for the auction, its partners, and the community.
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Black Book has expanded the role of Jared Kalfus, vice president of data licensing, to also oversee the company's Lender Solutions division, the company has announced.
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Toyota leads the way with eight awards, followed by Audi with five. Chevrolet and Honda each earned four. The awards cover the retail market.
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ARI has announced the two recipients of their "Ringman of Distinction" award, which recognizes the outstanding contributions of ringmen at various vehicle auctions. The recipients are Art Mecias of Adesa Los Angeles Auto Auction and Zach Massey of ABC Birmingham Auto Auction.
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Managing change is a hot topic in business today. With what seems to be an endless string of acquisitions, mergers, and divestitures, companies change nearly every day, including executive leadership. Fleet managers face these challenges as often, and as much, as any department level function.
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Full-size passenger vans lost the least value in the commercial vehicle resale market in February, a month that typically shows strong vehicle retention, according to Black Book.
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Mike Reid, national manager – remarketing for Toyota Financial Services, was honored twice during the closing day of the 2014 Conference of Automotive Remarketing (CAR).
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