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In January, the European, Chinese, and Japanese auto markets posted substantial gains. In contrast, the auto markets in the U.S., Russia, and India saw their market sales contract.
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The used-vehicle market weakened in January, as 2008-'12 model-year vehicles depreciated 1.9 percent compared to the 1.4 percent depreciation in December, according to Black Book's monthly reporting.
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The national average price of gasoline fell 3.1 cents to $3.296 for the week ending Monday, the U.S. Energy Information Administration reported.
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Strong new-car sales shouldn't hurt newer model-year fleet vehicles with comparable mileage at remarketing auctions, according to one of the industry's top remarketing analysts.
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Used-vehicle depreciation improved toward the end of 2013, and vehicles depreciated 12.8 percent in the year, a slight pullback from the 12.4 percent depreciation in the previous year, reports Black Book.
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Without a doubt, the No. 1 challenge facing today's fleets is cost containment, according to a survey of commercial fleet managers conducted by AF.
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The average price fell for the second consecutive week. Gasoline is 8 cents lower than it was for the same week a year ago, according to federal data released Monday.
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Compact pickups and compact SUVs retained the most value in remarketing sales during November, according to a Black Book report released Monday.
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The top challenge facing truck fleets continues to be managing fuel spend. Other challenges include rightsizing, rising tire costs, remarketing, and improving fleet efficiency. An emerging trend is the shift to lighter-weight upfits.
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