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Average wholesale used vehicle prices increased in April in a trend attributed to a significant proportion of sales of higher priced, late-model, off-rental, manufacturer program vehicles that elevated average prices, according to ADESA.
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The average price of a used vehicle fell 1.2 percent in February as colder weather brought strength to SUV segments for the month, according to Black Book.
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A municipal fleet manager from the New Zealand city of Dunedin has been suspected of $1.5 million in fraud that appears to have led to his suicide after questions were raised.
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Although the overall fleet vehicle market depreciated by 12.1 percent over the previous year, the depreciation rate for cars was 14.8 percent and is expected to increase in 2015.
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The full-size pickup fleet segment depreciated by only 4.9 percent over the past 12 months; however, this rate is unlikely to continue into 2015.
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The used full-size van market has remained strong throughout 2014, but it is expected to decline in 2015. Part of the reason for the strength of the used van segment is the discontinuation of traditional U.S.-style vans by OEMs as the new European-style vans are released.
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The latest auction figures point out a few important trends: First, the market for certain types of vehicles is definitely getting softer. Second, there really isn't one "used-vehicle market" anymore.
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The behind-the-scenes journey a vehicle takes from input to auction and beyond is an exciting experience. The following is a visual road map of an auction from beginning to end at Manheim's Riverside, Calif., operation. Photos by Blake Bobit and Chris Wolski.
Read More →By now, most fleet managers know where to look to cut costs, such as reducing supplier rates, tracking fuel costs, and managing depreciation. A few other areas can provide additional, innovative cost-saving strategies.
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Overall depreciation for used vehicles from the past five model years improved slightly from July as the average value fell 1.3 percent in the month compared to 1.5 percent in July, according to Black Book's monthly report.
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