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Merchants Hires New Remarketing Sales Manager to Meet Service Demands

Merchants Hires New Remarketing Sales Manager to Meet Service Demands

Merchants Fleet is expanding capacity for its in-demand commercial vehicle remarketing services and has hired Jesse Hopperstad as a remarketing sales manager, where he will be responsible for assisting new and existing Merchants Fleet clients in the Western half of the country with remarketing their vehicles.

February 27, 2020

Ritchie Bros. to Build Custom Remarketing Platform for Quanta Services
Used Fleet Vehicle Values Soften in November

Used Fleet Vehicle Values Soften in November

Former fleet vehicles sold by KAR Global's ADESA remarketing unit fell 3.2% in value in November from the prior month but remain 3% ahead of a year ago partly due to a softening wholesale market.

December 16, 2019

Used Fleet Vehicles Fall 1.6% in September

Used Fleet Vehicles Fall 1.6% in September

The value of former fleet vehicles sold at physical auctions and through other wholesale channels fell 1.6% in September compared to August but were 0.9% higher than a year ago, according to commentary by KAR Global's chief economist.

October 18, 2019

Used Fleet Vehicle Values Increase 4.1% This Year

Used Fleet Vehicle Values Increase 4.1% This Year

The value of used fleet vehicles sold in wholesale channels increased 0.4% to $13,812 in July and are now up 4.1% through the first eight months of 2019, according to Tom Kontos, chief economist for KAR Auction Services.

August 23, 2019

Used Fleet Vehicles Increase 2% in May

Used Fleet Vehicles Increase 2% in May

Used vehicles from fleet consignors in ADESA sales increased 2% in May to $14,043 and were 5.5% above a year ago, according to monthly commentary from Tom Kontos, chief economist for KAR Auction Services.

June 19, 2019

Element Offers Remarketing Services to Independent Dealers

Element Offers Remarketing Services to Independent Dealers

Asset disposition solutions provider Remarketing by Element, a business unit of Element Fleet Management, has joined the National Independent Automobile Dealers Association's network of National Member Benefit partners.

December 14, 2018

Used Fleet Vehicle Values Increase 1.5% in August

Used Fleet Vehicle Values Increase 1.5% in August

The average value of used fleet vehicles increased 1.5% in August from the prior month and are now up 8.5% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

September 21, 2018

Used Fleet Vehicles Worth 8.1% More Than Last Year

Used Fleet Vehicles Worth 8.1% More Than Last Year

Vehicles that were taken out of commercial, government, and daily rental fleets and sold at auction in July were worth 8.1% more than they were a year ago and 0.4% more than in June, according to Tom Kontos, KAR Auction Services' chief economist.

August 13, 2018

Wholesale Fleet Vehicle Values Fall 1% in June

Wholesale Fleet Vehicle Values Fall 1% in June

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.

July 16, 2018

Fleet Lease Consignor Prices Rise 2.3%

Fleet Lease Consignor Prices Rise 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.

May 24, 2018

Merchants Hires California Sales, Resale Managers

Merchants Fleet Management has hired a regional sales manager for northern and central California and a manager for its Merchants GuaranteeTRAC resale program, the fleet management company announced.

May 15, 2018

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