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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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For the first time since August 2014, average wholesale used vehicle prices fell on a year-over-year basis, according to ADESA.
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Wholesale used vehicle prices increased slightly in August, bringing the Manheim Used Vehicle Value Index to 124.3. After a four-month decline, the prices have inched up in June, July and August.
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The August 2015 average rate quote decreased $5.29 from last year, according to The Tennant Group and Rate-Highway's 50-City rate survey. The quotes have been down an average of $2.93 in the past year.
Read More →For the third month in a row, average wholesale used vehicle prices fell significantly on a month-over-month basis, falling below $10,000 for the first time this year, according to ADESA.
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Wholesale used vehicle prices slightly increased in July, bringing the Manheim Used Vehicle Value Index to 124.1. After a four-month decline, the prices have inched up in June and July.
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The July 2015 average rate quote was down $18.44 from last year's abnormally high quotes, according to The Tennant Group and Rate-Highway’s 50-City rate survey. This month's rate survey also looked at the eight major rental brands over the last two years.
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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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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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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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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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