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Surprice Opens Two Rental Branches In Japan
The launch highlights the global car rental operation’s growing presence in Asia.
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SEARCHMENUSEARCHThe launch highlights the global car rental operation’s growing presence in Asia.
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At 44,375 miles, average mileage in December was down from November and below its year-ago level. The Manheim Used Vehicle Index was up 1.5% from a year ago.
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Average wholesale used vehicle prices were up 1.1% month-over-month in November — largely driven by truck prices as in previous months, according to ADESA.
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Although wholesale used vehicle prices dropped in November, the Manheim Used Vehicle Value Index was up 1.5% from a year ago. Prices for pickups and sports cars remained strong in November.
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The South American automotive market has tremendous potential. IHS Insights forecasts the continent’s automotive market will grow significantly by 2025, becoming one of the top three growth markets globally for light-vehicle sales.
Read More →Similar to September, prices for trucks pushed up average prices in general during October. Average wholesale used vehicle prices were up 5.2% year-over-year and down 0.6% month-over-month, according to ADESA.
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Wholesale used vehicle prices were up 2.9% from last October, bringing the Manheim Used Vehicle Index to 125.3. October was the fifth consecutive month of increasing used vehicle prices.
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Black Book’s Market Insights report showed a decline in the used vehicle market, including compact car's 52-week steep decline.
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For September, the average mileage on units sold decreased below 45,000 miles, according to Manheim. Truck prices increased while car prices continued to decrease in September, according to both Manheim and ADESA.
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The September 2015 average rate quote decreased $5.92 from last year, according to The Tennant Group and Rate-Highway’s 50-City rate survey. All five U.S. regions saw a drop in rates.
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With its 2015 Auction Achievement Awards, Enterprise Holdings has recognized 14 automotive auctions in the categories of whole-car auctions and damaged-vehicle auctions.
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