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Nearly all fleet-related costs, both fixed and operating, are influenced by when a vehicle is replaced. Today’s exceptionally strong wholesale market caused by the shortage of used vehicles offers commercial fleet managers an “out-of-the box opportunity” to short cycle vehicles. A shorter 24-month replacement cycle will maximize resale values, reduce operating costs and downtime, increase negotiating leverage with OEMs, and improve driver morale,
Read More →AUSTIN, TX - Innovative Funding Services (IFS), a financing company funding employee purchases of out-of-service fleet vehicles, experienced phenomenal growth over the past year.
Read More →LOS ANGELES - Used-hybrid values have fallen over 25 percent as the demand for smaller, fuel-efficient vehicles has slowed, according to data from Kelley Blue Book (KBB). "More and more consumers base their purchasing decision on vehicle utility and price rather than fuel economy," said Juan Flores, director, vehicle valuation for KBB.
Read More →ATLANTA - Manheim is revving up its schedule of online sale events and special offers to help dealers get their inventory into the freshest possible shape before the end of the year.
Read More →ATLANTA - UPS Automotive Industry Solutions Group will work on behalf of Manheim's customers to arrange pick-up and drop-off of vehicles bound for the auction company's 77 operating locations in the U.S.
Read More →GAINESVILLE, GA - For the first time since the week ending May 15, total truck segments were down, according to Black Book.
Read More →GAINSVILLE, GA - Lack of new-car inventory is one factor in the continued demand for "nice, late-model used inventory," Black Book reported.
Read More →GAINESVILLE, GA – The number of used vehicles whose value changed June 8 was 10,036 — a single-day record, reported Black Book.
Read More →Wholesale used-vehicle prices during fourth quarter 2008 were the worst on record. Since then, wholesale prices rose significantly in January through March. The improvement in pricing in 1Q 2009 reflects better-than-expected retail sales of used vehicles. Resale values for mid-size sedans are substantially higher than in 2008, as are prices for light-duty trucks and SUVs. However, consumer confidence and credit availability remain two wildcards to the market's ongoing vitality.
Read More →LOS ANGELES – Overall hybrid sales have dropped significantly as a result of the nationwide decline in gasoline prices, with used-hybrid values falling over 25 percent since last summer.
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