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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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NEW YORK – Vehicle auction company, ADESA Inc., will be acquired by a group of private equity funds for roughly $2.5 billion.
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DEARBORN, MI - John V. Felice, general marketing manager, Ford Division, has been named to replace Hal Feder as director of Ford North American Fleet, Lease & Remarketing Operations.
Read More →John V. Felice, general marketing manager, Ford Division, has been named to replace Hal Feder as director of Ford North American Fleet, Lease & Remarketing Operations.
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The FASB and IASB have put a new leasing project on their agendas. The outcome will be the creation of one leasing standard applied worldwide. Is this the beginning of the end of off-balance sheet accounting for fleet leases?
Read More →It’s been said that a critical fleet function is to ‘produce’ the best used vehicle possible. Here are ‘production’ strategies to help fleet managers turn their raw materials into marketable finished products.
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Some claim average returns of $1,000 over wholesale. The tradeoff is the time spent researching pricing, managing listings, and building a reliable reputation.
Read More →Vehicle reconditioning, transportation, and arbitration issues were key topics at the remarketing organization’s mid-year conference in San Diego.
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Examined are the implications of the Sarbanes-Oxley Act on fleet incentive monies that are not capitalized into the cost of a vehicle, the sale of out-of-service vehicles to employees, and process controls for decentralized fleets.
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Automotive Lease Guide’s Fleet Residuals model provides fleet managers with accurate used-vehicle value projections based on historical auction resale trends, seasonality depreciation rates, and incentive levels.
Read More →Through Black Book’s Commercial Value Xpress service, fleet managers can now accurately benchmark vehicle resale performance against an industry average index, set at 100 percent.
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