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Used-vehicle secondary market price patterns show that auction prices are influenced by seasonal factors. Understanding select concepts and related variables can help fleet managers leverage seasonal trends to maximize value for their organizations.
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Used vehicles sold at auctions logged their highest depreciation this year in September, as 2009-2013 car and truck models fell 1.7 percent in value.
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In the right situations and with the right fleet planning, car rental operators can save up to 20% on depreciation costs with used fleet.
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The dynamics in today's market are eerily familiar to the resale value softness that occurred in the last decade. It appears that we are on the same trajectory, with off-lease volumes peaking in 2016.
Read More →In their most recent conference calls, Avis Budget Group and Hertz gave an outlook on pricing, fleet costs, the used car market and fleet optimization strategies.
Read More →Auto manufacturers are ready to pump out more cars. Could this mean higher incentives and lower residuals?
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Many of the dynamics in today’s market are eerily familiar to the resale value softness that occurred in the last decade, which ultimately peaked in 2002. At that time, year-over-year increases of off-lease vehicles entering the wholesale market exerted downward pressure on resale prices. It appears that we are on the same trajectory, with off-lease volumes peaking in 2016. What are you doing to prepare for these different market dynamics?
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Black Book has introduced the second-generation of its mobile app, Black Book Digital, with an updated design and simple-to-use features, the publisher announced Tuesday.
Read More →With mpg improving with each new model and prices at the pump receding, some are forgetting the more expensive depreciation cost.
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For the past three years, everyone has been a remarketing genius. The low inventory of used vehicles in the wholesale market helped inflate resale values by about 10 percent. However, as greater volumes of used vehicles begin to enter the wholesale market, vehicle supply will start to meet buyer demand, which will put downward pressure on resale values. In many ways, the new used-vehicle market will demand returning to the basics, namely recognizing the seasonality of the used-vehicle market.
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