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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

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 SUVs Reached Saturation Point in 2019

Used SUVs Reached Saturation Point in 2019

CUV/SUVs saw year-over-year declines to their wholesale values, but are still performing well due to continued demand for these segments and cheap gas prices, but an inflection point is approaching.

December 13, 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 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

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

The Changing Sedan Remarketing Landscape

The Changing Sedan Remarketing Landscape

Sedan wholesale values are expected to improve as more SUVs and crossovers return to the used market. Meanwhile, SUV and crossover wholesale values are beginning to decline

May 23, 2019

Used Fleet Vehicle Values Rise 2.3% in March

Used Fleet Vehicle Values Rise 2.3% in March

The spring / tax season market uptick helped make March a strong month for used vehicle sales, and late-model sedans from fleet leasing consignors continue to outperform their SUV/CUV counterparts, according to Tom Kontos, KAR's chief economist.

April 15, 2019

February Used Fleet Values Outpaced Rest of Market

February Used Fleet Values Outpaced Rest of Market

The average sale price for used vehicles from fleet leasing consignors continued to outpace vehicles cosigned to auction by manufacturers and dealers in February, according to Tom Kontos, KAR's chief economist.

March 14, 2019

Used Fleet Vehicle Values Rise 1.9% in January

Used Fleet Vehicle Values Rise 1.9% in January

The average sale price for used vehicles from fleet leasing consignors increased 1.9% to $12,706 in January from the prior month and 3.9% from January of 2018, according to Tom Kontos, KAR's chief economist.

February 14, 2019

Cars Paced Used Vehicle Price Growth in 2018
Compact Van Values Dip at Start of November
Sedan Wholesale Values Strengthen Through 2018

Sedan Wholesale Values Strengthen Through 2018

Prior to 2018, sedans at auction had experienced three years of consecutive value declines. For sedan-heavy fleets, this may have meant an impact to total cost of ownership for those vehicles, as profits from remarketing them would have suffered. Now companies with sedan-heavy fleets may be finding that a window of opportunity to remarket those vehicles for better profit has emerged.

October 22, 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

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