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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 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 Vehicle Values Fall 2% in June

Used Fleet Vehicle Values Fall 2% in June

The average value of used fleet vehicles increased 1.5% to $13,758 in June from May, but remain 4.3% higher than a year ago, according to KAR Auction Services' ADESA unit.

July 17, 2019

Used Fleet Vehicles Increase 4.3% in April

Used Fleet Vehicles Increase 4.3% in April

Used vehicles from fleet consignors in ADESA sales increased 4.3% to $13,771 in April compared to March, and were up 4.4% from a year ago, according to monthly commentary from Tom Kontos.

May 23, 2019

Used Fleet Vehicle Values Increased 6.2% in 2018

Used Fleet Vehicle Values Increased 6.2% in 2018

The average prices for used fleet vehicles sold at auction increased 6.2% to $12,464 in 2018, despite a weaker finish to the year that saw a 0.4% decline in December, according to Tom Kontos, KAR Auction Services' chief economist.

January 22, 2019

Wholesale Vehicle Prices Soften in November

Wholesale Vehicle Prices Soften in November

Overall average wholesale prices softened in November from a year ago mostly due to 2017 prices that were elevated due to increased demand from hurricanes Harvey and Irma, even though values of former fleet vehicles increased, according to Tom Kontos, KAR Auction Services' chief economist.

December 14, 2018

Used Fleet Vehicle Prices Fell 2% in October

Used Fleet Vehicle Prices Fell 2% in October

The average price for used fleet vehicles fell 2% at auction in October, but remained 6.1% higher than a year ago amid a strong month for wholesale prices, according to Tom Kontos, KAR Auction Services' chief economist.

November 30, 2018

Used Fleet Vehicle Values Fall 1.6% in September

Used Fleet Vehicle Values Fall 1.6% in September

Vehicles from fleet consignors followed the broader used-vehicle market downward in September, as wholesale prices struggled to keep up with last year's hurricane-driven demand and a now robust upstream market, said Tom Kontos, KAR Auction Services' chief economist.

October 18, 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

Used Fleet Vehicle Prices Rise Incrementally

Used Fleet Vehicle Prices Rise Incrementally

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.

July 2, 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

Fleet Lease Consignor Prices Up 6.6% in March

Fleet Lease Consignor Prices Up 6.6% in March

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.

May 11, 2018

Fleet Consignor Prices Rise 4.1% in January

Fleet Consignor Prices Rise 4.1% in January

Wholesale used vehicle prices for vehicles from fleet or lease consignors increased 4.1% in January from the prior month, but fell 0.3% from the same month a year ago, according to the latest Kontos Kommentary.

February 23, 2018

Fleet Lease Consignor Prices Fall 1.9% in December
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