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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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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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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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