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Fleet Lease Consignor Prices Rise 2.3%

Analysis by Tom Kontos, KAR Auction Services chief economist, show fleet consignors saw a 2.3%...

Off-lease vehicles from fleet consignors in the rental, commercial, and government sectors increased 2.3% in April from March and increased 5.8% from a year ago, according to analysis from KAR Auction Services.

News

Fleet Lease Consignor Prices Up 6.6% in March

Screenshot of Tom Kontos, chief economist, courtesy of KAR Auction Services.

Prices for vehicles from fleet lease consignors increased 6.6% in March and are 4.9% higher than a year ago driven in part by a strong spring selling season that boosted the values significantly from February levels, according to KAR Auction Services.

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News

Full-Size Vans Holding Resale Value

Photo of Chevrolet Express van courtesy of GM.

Three-year-old full-size vans retained the most value among trucks, vans, and SUVs in the wholesale used vehicle market, according to Tom Kontos, KAR Auction Services' chief economist.

News

Volkswagen Storing 300,000 Diesels Around U.S.

Screenshot via Reuters.

Volkswagen has been storing the diesel-powered vehicles it bought back from customers at 37 secure storage facilities that include a suburban Detroit football stadium, former Minnesota paper mill, and desert parking lot near Victorville, Calif., Reuters is reporting.

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Off-Lease Wave Poses Risk to New-Vehicle Sales

Photo by Eric Gandarilla.

This wave of off-lease vehicles is expected to be one of the biggest threats that the new-vehicle industry will face this year and the next. And, it won’t just be the sheer volume of relatively new, low-mileage vehicles that will pose a risk to the new-industry; it’ll be the types of off-lease vehicles returning to market that will present the biggest hurdle.