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Rental Fleet Sales Skating Just Above 2025 Levels
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
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SEARCHMENUSEARCHThe U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
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Wholesale used vehicle prices — on a mix-, mileage-, and seasonally adjusted basis — increased 0.75% month-over-month in August, bringing the Manheim Used Vehicle Value Index to a record high of 131.3.
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Greg Janik, president of the Automotive Fleet & Leasing Association (AFLA) from 1986-1987, passed away on Sept. 8. He was 74. Janik was a long-time member of AFLA and a strong supporter of the fleet industry.
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Fleet Jam Session, convening at the 2017 Auto Rental Summit, will provide analysis of Hurricane Harvey and Hurricane Irma's effects on the auto rental industry, from the used car market and new car sales to rental rates, volume, and new and used values.
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Manheim has closed its Puerto Rico facility and will close four of its Florida auctions on Friday ahead of Hurricane Irma's expected landfall in Florida over the weekend, according to the company.
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Greg Thibault will retire as Avis Budget’s vice president of fleet disposal after 20 years of leading Avis Budget’s auction sales and wholesale turn-back process with manufacturers.
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Car and truck segments saw lower overall depreciation rates last week, according to Black Book's Sept. 4 Market Insights report.
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According to Black Book, the rental industry will be affected first with the supply challenge, as thousands of residents will need to find immediate replacement of personal transportation.
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The car segment saw a week-over-week rise in depreciation while the truck segment saw a lower depreciation rate last week, according to Black Book’s Aug. 28 Market Insights report.
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Manheim has updated its vehicle valuation tool, the Manheim Market Report (MMR), to provide more detailed valuations of used vehicles to increase transparency and improve the remarketing process, the company announced.
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J.D. Power will begin offering its monthly Used Vehicle Price Index that tracks current and estimated future movement of wholesale used vehicle prices at the industry and segment level, the consultant and data provider announced.
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