Rental Vehicle Fleet Remarketing

Remarketing your rental vehicles effectively will increase your revenue. The rental vehicle fleet remarketing channel will help you improve resale value, recondition grounded vehicles and use online remarketing and auto auctions to sell vehicles while in use.


Growth in Supply Puts Pressure on Used Car Prices

In addition to a greater supply of off-lease units, both ADESA and Manheim report a greater percentage of older, higher mileage rental risk units as driving down prices in wholesale channels.

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CAR Celebrates 20th Anniversary

The Conference of Automotive Remarketing (CAR), which is produced by Bobit Business Media, publisher of Automotive Fleet, celebrated its 20th anniversary with special events and contests — and a cake provided by sponsor ServNet.

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June Rates Lower Than Past Two Years

The June 2015 average rate quote was down $4.85 from a year ago, according to The Tennant Group and Rate-Highway’s 50-City rate survey. Last year, a spike in recalls caused rates to increase from the third week of June and all of July, but they dropped by the last week of July.

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Used Vehicle Prices Continue Four-Month Decline

Wholesale used vehicle prices declined in May, according to both Manheim Consulting and ADESA. Auction prices for rental risk units were down more than 10% from a year ago, according to Manheim.

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Toyota Convenes Repurchase Seminar at ADESA Auction

At the ADESA Auto Auction in Mira Loma, Calif., car rental companies received updates on Toyota’s repurchase programs and remarketing procedures and attended a condition report demonstration.

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May Rate Increase Appears Short-Lived

After Hertz Global Holdings announced a rate increase for its Hertz, Thrifty and Dollar brands in mid-May, airport rental rates increased slightly, according to The Tennant Group and Rate-Highway’s 50-City rate survey. But based on the June 5th survey, the rates have turned down again.

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Off-Lease Rental Cars Juiced April Wholesale Prices

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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April Rates Continue Downward Trend

After seeing a peak in July 2014, every month's rates since then have been down, according to The Tennant Group and Rate-Highway's 50-City rate survey. The average decrease from August 2014 to April 2015 was $2.92; April's $3.19 decrease was a continuation of this trend.

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Used Prices Perform Stronger in Truck Classes

Average wholesale used vehicle prices rose in March on both a month-over-month and year-over-year basis — up 4.7% compared to February and up 2% relative to March 2014, according to ADESA Analytical Services‘ monthly analysis of wholesale used vehicle prices. The truck classes (vans, SUVs, pickups) performed much stronger than the car and crossover classes.

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Mileage Remains Above 45K on Rental Resale Vehicles

Wholesale used vehicle prices fell 0.5% in March and dropped the Manheim Used Vehicle Value Index to a reading of 124.5, almost equaling a year ago (124.4). Rental resale vehicles remained above 45,000 miles, up 8% from a year ago.

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Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

John Tague and the New Hertz

Today’s conference call was the debutant ball for Hertz’s new CEO, in which he set the company’s direction on regaining market share, fixing Dollar and Thrifty, the threat from Uber, Hertz’s exit from carsharing, prepaid rentals and more.

The Off-Leases are Coming! Are You Ready?

The used car market will face a confluence of factors to make 2016 a challenging year.

Potential Impacts of New Truck Emissions Standards

History tells us to plan for disruption.

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