THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
Search Close Menu

Remarketing

News

Wholesale Fleet Vehicle Values Fall 1% in June

Mid-size sedans, in particular, performed well in the wholesale market. Mid-size sedan...

Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

News

Used Fleet Vehicle Prices Rise Incrementally

Fleet vehicles are faring well in the used wholesale vehicle market, according to Tom Kontos.

Wholesale vehicle prices for former fleet vehicles at auction increased 0.8% in May from April and have increased 6.8% from a year ago in a "seasonally strong" market, according to Tom Kontos, KAR Auction Services' chief economist.

News

Manheim Completes $400M Operational Upgrade

A new reconditioning facility at Manheim San Francisco Bay that cost $500,000 to build. Since...

The initiative began in 2014, when the company first announced that its $400 million multiple-year project to transform its auction operations. In that time Manheim brought enhancements to both its physical and digital properties.

News

Wholesale Prices Down in May, Auction Volume Growing

Wholesale prices declined in May, while auction volume continues to grow.

Wholesale prices for used vehicles up to 8 years old fell 1.7% month-over-month in May, a level that’s typical for this time of year, according to J.D. Power’s June Used Car and Light Truck Guidelines. Auction volume up 12% month-over-month, 2.6% year-over-year.

News

Most Recalled Used Cars Identified

The most and least recalled vehicles have been identified, which include the 2016 GMC Sierra SLT...

The Mercedes-Benz C-Class topped a list of the most recalled cars in recent model years, while the Hyundai Accent was the least-recalled vehicle during the same period, according to a report on ISeeCars.com.

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

News

Compact Vans, Crossovers Fare Best at May Auctions

Used compact vans such as the 2016 Transit Connect performed best at auction in May.

Used compact vans and several categories of crossovers increased in value in wholesale sales, while luxury vehicles made up seven of the 10 lowest performing categories among 2013-2017 vehicles in May, according to Black Book.

News

NAAA Begins Recall Awareness Campaign

The National Auto Auction Association is teaming up with the National Safety Council to reduce...

The National Auto Auction Association will begin raising awareness among its members about dealing with open recalls on vehicles that are sold at wholesale auctions under a new partnership with the National Safety Council.

News

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.

Fleet FAQ

Executive Vice President of eDriving

Ed Dubens

Executive Vice President of eDriving

https://www.edriving.com/fleet/products-and-services/
Chief Operating Officer

Jack Firriolo

Chief Operating Officer

http://www.merchantsfleetmanagement.com/
Vice President of Product Management, Verizon Connect

Erin Cave from Verizon Connect

Vice President of Product Management, Verizon Connect

http://www.fleetmatics.com/
Senior Vice President and General Manager

Bernie Kanavagh from WEX

Senior Vice President and General Manager

https://www.wexinc.com

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.