Wholesale Market is Slow & Residuals are Off for High-Mile Units
Resale values for intermediate-size fleet sedans are down, on average, 15 percent, and the forecast for the winter market is even bleaker, said Scott Webber, director of vehicle remarketing for AMI Leasing, a fleet management company headquartered in Worcester. “It’s pretty tough out there,” said Webber. A number of factors are contributing to the decline in resale values. One is supply and demand. “There is a flood of high-mileage cars in the market,” said Webber. “The market isn’t there for the residuals that were quoted three to four years ago.” What’s selling are low-mileage cars and SUVs. “Dealers are fighting over these units.” Also hot are pickups and cargo vans, with or without miles, said Webber. However, 15-passenger vans are selling very slowly and there is a greater-than-normal inventory of these units. The primary reason is that universities and church groups have curtailed purchasing them, both new and used, due to rollover allegations. Another factor contributing to the slower sales in the wholesale market is lower dealer attendance. “At some of the recent sales I’ve attended the dealer crowds start thinning out in the afternoon when the dealer trades and fleet/lease sales were about to take place,” said Webber. One reason is that fewer out-of-town dealers are flying to attend auctions. “At most sales, you’re primarily getting local dealer attendance. It is the out-of-town buyers who tend to bring the market up when they attend,” he said. The slowdown in the wholesale market appears to be nationwide. “Right now, there isn’t any geo-graphic area that’s stronger than another,” said Webber.
More Operations

90% Use Telematics. Are Fleets Getting Safer? | AF News Recap
This week, we're breaking down which industries have the highest rates, how Jamie McKay manages 2,400 vehicles, what's happening with the 2027 fleet awards, and why software-defined vehicles could introduce new costs.
Read More →
What's Best Handled by an FMC, and What's Better Done Directly?
Fleet managers continue to rely on FMCs for essential services but are taking a closer look at where working directly with suppliers can improve efficiency and responsiveness.
Read More →
Fleet Meets: Erin Gilchrist
Meet Erin Gilchrist, the inaugural Mike Antich Spirit of Fleet Award winner, as she shares insights on leadership, mentorship, the power of industry connections, and why people remain at the heart of fleet's future.
Read More →
How 2026 Fleet Visionary Jamie McKay Manages 2,400 Vehicles Across 37 States
How do you keep 2,400 vehicles running across 37 states? Fleet Visionary Award winner Jamie McKay shares how collaboration, flexibility, and a few simple strategies help her tackle fleet management challenges at Aptive Pest Control.
Read More →
Managing Fleet Costs in an Era of Permanent Volatility
Fleet operating costs have risen more than 20% since 2020, raising a key question: When does extending a vehicle's service life stop making financial sense?
Read More →
The Next Evolution of Fleet Management: Autonomous Operations
This opening keynote session at the Fleet Forward Conference highlights the future of autonomous driving for fleets.
Read More →
How to Reduce the Total Cost of Risk From Catalytic Converter Theft
A stolen catalytic converter can cost fleets far more in downtime and lost productivity than in repairs. A total-cost-of-risk approach can help fleet managers quantify their exposure and prioritize theft prevention.
Read More →
Personal-Use Charges Rise as Vehicle Values Fall | AF News Recap
Personal-use charges are climbing, wholesale used-vehicle values are declining, and commercial fleet sales growth is slowing. This week, we're breaking down the latest fleet data, plus how Element Fleet Management is helping Waymo prepare for its first Canadian robotaxi market.
Read More →
Here's When You Should Make an Exception to Fleet Policy
Fleet policies are designed to create consistency, but not every driver or situation fits neatly within standard rules.
Read More →
AI-Native or AI-Acquired: What Should Fleet Managers Look for in an AI Platform?
Six questions can help fleet managers look beyond AI marketing claims to evaluate integration, data access, and real-world operational performance.
Read More →
