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Wholesale Used Vehicle Market Sustains Moderate Rise In Values, Prices
Trends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
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SEARCHMENUSEARCHTrends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
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The National Auto Auction Association (NAAA) announced it elected Jimmy Compton as its 2003 president. NAAA held the election during its annual convention, which took place Sept. 10-15 in New York City.Compton, general manager of Manheim’s Arena Auto Auction in Chicago, IL, has been active in the NAAA since 1990 and has served on its board of directors since 1995.
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The used-vehicle market since Sept. 11 has been volatile and its future is being governed by events beyond our control, such as the economy, a war, and unprecedented new-vehicle retail incentives.
Read More →One of your top job priorities as a fleet manager is to obtain the highest resale price for each company vehicle you take out of service.
Read More →On average it takes approximately nine days for owned fleets to receive funds from the resale of fleet vehicles, while leased/managed fleets take 21.5 days, according to a survey of fleet managers conducted by Automotive Fleet.
Read More →Currently, we are in the midst of the traditional, seasonal downturn in the used-vehicle market, which has caused resale values to plummet. This is normal and it happens every winter, sometimes a little sooner, sometimes a little later.
Read More →The costs to remarket out-of-service fleet vehicles have remained steady since the last time they were surveyed by AF in 1992. Though some costs are unavoidable, with proper planning, they can be minimized.
Read More →Taurus was still the best selling used car, as it has been for three years. Ford leads the light truck class as well, with the F-150. Another continuing trend is the popularity of green cars with tan interiors.
Read More →When a company acquires an asset, or the use of an asset, whose value declines over time, that value must be appropriately reduced on the company's books. Vehicles are, without question, assets whose value decreases with use, and fleet managers must make the determination as to how quickly to reduce the original cost.
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Fleet managers have been pursuing cost savings forever. You're right. What is surprising to me is that in this era of virtual deflation for running costs (cheap gas) and the competition between outsourcing service companies as well as the street and sole-source incentives from the makers, where is one to look.
Read More →When is the right time to replace your light trucks and vans? That's a question we posed recently during a roundtable discussion with four of the most knowledgeable fleet managers in the business.
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