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Today’s used-vehicle market is the best it’s been in the history of fleet management and my anecdotal forecast is for it to remain strong through the balance of 2021 and into calendar-year 2022. As a result of these favorable market conditions, some fleets have begun shortcycling some of fleet vehicles.
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While prices bounce up during springtime, this year's qualify as a leap, an economist says.
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The latest trends in the key indicators suggest used vehicle values are likely to continue to see appreciation in the days and weeks ahead.
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Volume-weighted, overall car and truck segments both experienced continued softening in values, but rate of decline slowed with the overall market decreasing by 0.52% this past week.
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Today's video provides an overview of the wholesale market from the start of the pandemic to today; strong demands in the vocational vehicle market; and a segment by segment look at the current resale market and CY-2021 forecast.
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In State of the Fleet Industry Spotlight video we talk top trends in the wholesale used-vehicle market.
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This video covers the growth in digital remarketing trends; logistics constraints experienced through 2020; and a forecast on wholesale remarketing trends for the early 2021 calendar year and spring market.
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Topics mentioned in this video include; updates on the monthly U.S. jobs report; state of 2020 fleet sales; and trends in the wholesale used vehicle market.
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Topics mentioned in today's video includes updates on current fleet acquisition strategies for model year 2021; expectations on when fleets expect a return to pre-pandemic activity; the state of the wholesale used vehicle market; and updates on work-from-home protocols.
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Topics mentioned in today's video includes an outlook of U.S. economic conditions; strong auction sales for the month of July; and a forecasted increase in vehicles in the wholesale used-vehicle market, putting downward pressure on prices.
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