The discounts had an immediate impact on one of the largest fleet owners of Tesla vehicles, at least on paper.
Price Digest named the top three medium-duty trucks with the highest retained value awards. Check out who won!
There was further discussion about the currently high residual values (RVs) of vehicles, as well as leasing companies making good profits on resale.
As fleet costs increase across the board and incentives reduced, budgets become negatively impacted. Get more insight into how higher resale values are offsetting this trend in this State of the Fleet Industry video.
The transition to EVs is not a matter of if, but a matter of when, and the industry must pay attention to the impacts of the potentially imminent and rapid transition from ICE vehicles to EVs.
While some are thrilled to have retired from a tumultuous industry, most are neck-deep in a desert of pent-up demand, increased commodity and oil prices, and the after effects of the Ukraine/Russia conflict, the effects of which remain to be seen.
Wholesale used vehicle prices increased 1.35% month-over-month in February, bringing the Manheim Used Vehicle Value Index to 143.5, which is 6.2% higher than it was at the same time in 2019.
Vehicle values held steady last week, as various luxury segments continued to see positive movement in their week-to-week wholesale values.
Overall car segment values decreased 0.11% last week, compared to a 0.04% gain the week before. Overall truck segment values decreased 0.03% last week, compared to 0.19% the week before.
Overall wholesale values last week were strong, indicating a possible early start to the spring sales season.
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