THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
The value of used fleet vehicles sold in wholesale channels increased 0.4% to $13,812 in July and are now up 4.1% through the first eight months of 2019, according to Tom Kontos, chief economist for KAR Auction Services.
The trucks and vans that topped J.D. Power's lists for 2019 Resale Value awards include the GMC Sierra 3500, Toyota Tundra, Toyota Tacoma, and Honda Odyssey minivan, the firm announced.
Van, pickup, and compact car wholesale values stood out last week, amid a fairly stable wholesale market, according to Black Book's Aug. 12 Market Insights report.
Depreciation among car and truck segments improved slightly last week, but overall remains fairly stable, according to Black Book's July 29 Market Insights report.
The average value of used fleet vehicles increased 1.5% to $13,758 in June from May, but remain 4.3% higher than a year ago, according to KAR Auction Services' ADESA unit.
Black Book's latest Used Vehicle Retention Index for June (115) shows a 0.6% increase from May (114.4), which reflects an incremental improvement in used vehicle values.
Car values continued to weaken and truck values strengthened last week, as the summer months approach.
With the exception of luxury vehicles, most vehicle segments saw stable values last week.
Sedan wholesale values are expected to improve as more SUVs and crossovers return to the used market. Meanwhile, SUV and crossover wholesale values are beginning to decline
Used vehicles from fleet consignors in ADESA sales increased 4.3% to $13,771 in April compared to March, and were up 4.4% from a year ago, according to monthly commentary from Tom Kontos.