Prices consignors booked from off-lease fleet vehicles fell 0.2% in May, but remain up 3.5% from a year ago, Tom Kontos wrote in his monthly Kontos Kommentary.
by Staff
June 15, 2017
Screenshot via KAR Auction Services.
1 min to read
Screenshot via KAR Auction Services.
Prices consignors booked from off-lease fleet vehicles fell 0.2% in May, but remain up 3.5% from a year ago, Tom Kontos wrote in his monthly Kontos Kommentary.
Kontos tracks fleet lease sales of three model-year old units with between 36,000 and 45,000 miles. Mid-size cars with that criteria fell 5.6% to $11,595 from a year ago, and mid-size SUVs fell 1.1% to $20,225 from May of 2016.
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At the same time, average wholesale prices for used vehicles remarketed by manufacturers increased 3.3% from April and 4.9% from a year ago. Average prices for dealer consignors were up 0.2% versus April and up 5.9% relative to May 2016, Kontos said.
The overall used vehicle market was flat in May, when vehicle prices averaged $11,138. The overall market increased 3.9% from a year ago. The year-over-year increase came mostly from larger vehicles, including fullsize cars, mid-size and full-size SUVs and large pickups, Kontos said.
The 2026 Conference of Automotive Remarketing convened with a mandate to involve a new constituency — fleet managers — and an updated mission to demonstrate unrealized value in de-fleeted vehicles.
The Association, dedicated to advancing the remarketing phase of the vehicle lifecycle, held its kick-off meeting on April 16 at the 2026 Conference of Automotive Remarketing (CAR) in Cleveland.
From a Wall Street analyst's take on remarketing's key players to whether fleets need their own version of Carfax, CAR 2026's afternoon roundtables will answer key operational and industry questions.
A panel at the 2026 Conference of Automotive Remarketing will examine how resale value is created across the vehicle lifecycle and which traditional remarketing practices still deliver ROI.