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Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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SEARCHMENUSEARCHThe higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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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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National Auto Auction Association (NAAA) CEO Frank Hackett was awarded the inaugural Industry Leadership Award by Bobit Business Media, publisher of Automotive Fleet and Vehicle Remarketing Reporter, at the Conference of Automotive Remarketing (CAR).
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Manheim, ADESA, and the independent auctions will begin developing a platform that allows simultaneous bidding on vehicles listed on multiple online auction sites that will be ready in the second half of 2014.
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ARI has announced seven winner of its 2013 ARI Regional Auctions of the Year awards. Each year, ARI recognizes outstanding vehicle auctions in seven regions in the U.S.
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Overall, passenger car maintenance costs per unit, per month decreased 4 percent in 2013 with the average cost per mile decreasing 2 percent from 2012. These costs include unscheduled repair services, preventive maintenance (PM), tires, and replacement rentals.
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PHH Arval has opened its first commercial truck center in the country in Virginia Beach to offer its off-lease truck inventory, the fleet management company announced Thursday.
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The City of Detroit has privatized waste management services as part of its bankruptcy recovery plan and is auctioning off its aging fleet of refuse trucks. Last week, the city awarded $122.6 million in contracts to two commercial haulers for the work.
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