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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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Through LeasePlan’s reDrive! upstream remarketing program, powered by Driveitaway, Philips Medical Systems’ fleet has increased net realization by $106,000 as of mid-February 2006, selling 159 vehicles.
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The inventory of used vehicles in the wholesale market continues to lag buyer demand, boosting resale values across the board when compared to sale results same time last year.
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The new channel provides employees of GE Commercial Finance Fleet Services customers with easy access to out-of-service vehicles.
Read More →Emkay found that its closed-end lease portfolio may be the best customer for its Fleet Exchange program. The company expects to remarket upstream as many as 50 percent of its off-lease vehicles.
Read More →The days of paper condition reports are receding rapidly. SGS Automotive Services combines technology with expertise to help fleet managers better manage depreciation.
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A fleet with a vehicle replacement fund to which resale proceeds are returned makes the fleet manager more accountable for the disposal of surplus vehicles and equipment. It is in the fleet manager’s best interest to maximize resale proceeds to offset the cost of new vehicles.
Read More →The emergence of online resale guides has prompted some fleet managers to use them as industry benchmarks to measure resale performance. Other fleet managers are now using online sales guides to price employee sales vehicles
Read More →Offered online through Northwood University, IARA online remarketing education modules offer the opportunity for fleet managers, both seasoned veterans and rookies, to learn more about remarketing on their own time.
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An estimated 250,000 to 1.2 million vehicles were damaged or destroyed by Hurricane Katrina. There were approximately 20,000 commercial fleet vehicles in the Gulf Coast at the time of the Hurricane with as many as 2,000 units destroyed or damaged.
Read More →Amid the heat and humidity of a southern summer, remarketing conference attendees discussed vehicle values and technology’s impact on selling and heard from industry leaders on benchmarking and auction best practices.
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