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Private Equity Firm Buys Majority Stake in XLerate Group
CAR Event to Hit the Leading Topics in Remarketing Industry
ServNet Auction Group Seeks New Executive Director
Wholesale Optimism: Used Vehicle Prices Up 5.74% in May

Wholesale Optimism: Used Vehicle Prices Up 5.74% in May

According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.

May 20, 2020

Video: State of the Fleet Industry Week of May 11, 2020
Penske Updates Online Used-Truck Buying Experience

Penske Updates Online Used-Truck Buying Experience

To support social distancing measures related to COVID-19, customers can search through an extensive online inventory, speak with an expert via phone or email, and schedule a safe delivery or pick-up.

April 21, 2020

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

Jeep Wrangler Again Tops Residual Value List

Jeep Wrangler Again Tops Residual Value List

Jeep's four-door Wrangler has placed at the top of a list of 10 vehicles that retain the highest percentage of their value over a five-year period, according to the latest report from iSeeCars.

October 30, 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 Vehicles Fell 1.5% in August

Used Fleet Vehicles Fell 1.5% in August

Used fleet vehicles that sold at wholesale fell 1.5% to $13,603 in August from July, but remained up 1.2% when compared to the same month a year ago, according to Tom Kontos, chief economist for KAR Auction Services.

October 1, 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

Wholesale Vehicle Market Remains Stable

Wholesale Vehicle Market Remains Stable

Depreciation among car and truck segments improved slightly last week, but overall remains fairly stable, according to Black Book's July 29 Market Insights report.

August 1, 2019

Used Vehicle Retention Index Ticks Up in June

Used Vehicle Retention Index Ticks Up in June

Black Book's latest Used Vehicle Retention Index for June (115) shows a 0.6% increase from May (114.4), which reflects an incremental improvement in used vehicle values.

July 9, 2019

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