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.
July 1, 2015 in Remarketing
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.
June 10, 2015 in Remarketing
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.
June 9, 2015 in Remarketing
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.
June 8, 2015 in Remarketing
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.
May 22, 2015 in Remarketing
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.
April 29, 2015 in Remarketing
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.
April 15, 2015 in Remarketing
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.
April 8, 2015 in Remarketing
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.
April 3, 2015 in Remarketing
According to Rate-Highway and The Tennant Group’s 50-City Survey, the average overall rates in March were down $3.36 from a year ago. Washington Dulles International Airport had the highest rate at $90.07 while San Diego International Airport marked the highest rate at $32.27.
March 13, 2015 in Remarketing
Manheim and several other remarketing industry partners will continue moving forward to develop a multiplatform bidding system in the wake of announcements by ADESA and ServNet Auctions dropping out of the planning process.
Auto Focus Blog: A blog covering fleets, auto rental and the business of cars
The death of a renter in a vehicle under open recall underscores the need for federal recall legislation.
We conducted three tests using an in-vehicle data logger with surprising results — and some questions on whether one car’s computer is telling the truth on fuel economy.
A market controlled by brokered transactions will continue to suffer price pressures and customer service issues.
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