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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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ADESA will not participate in an automotive remarketing industry initiative to establish a platform that would allow simultaneous bidding on vehicles listed on multiple online auction sites.
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Ricky Beggs will retire from Black Book on April 1 as one of the leading authorities in the vehicle remarketing industry after a 34-year career with the used-vehicle data provider.
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Wholesale used vehicle prices increased in January and pushed the Manheim Used Vehicle Value Index to a reading of 125.3, an increase of 2.5% from a year ago. Additionally, rental resale vehicles remained at the record high mileage level posted in December.
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Full-size cars finished January with the strongest retention value in a month that saw used vehicles depreciate 1.2 percent, according to Black Book's monthly report.
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December wholesale used vehicle prices fell 0.3% compared to November but increased 2% on a year-over-year basis, according to ADESA Analytical Services' monthly analysis of Wholesale Used Vehicle Prices.
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As consumer demand for used cars and trucks remained strong, wholesale used vehicle values increased in the fourth quarter and ended the year at 123.9, a 1.8% increase from a year ago and 2.1% higher than the third quarter, according to the Manheim Used Vehicle Index.
Read More →A car rental operator is interested in learning more about the terms of repurchase programs and how he can take advantage of them.
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The overall fleet vehicle market depreciated by 12.1% over the previous year; however, the depreciation rate for cars was 14.8% and is expected to increase in 2015.
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Next year's wholesale market will see more off-lease and program vehicles in the market, as well as competition from incentivized new cars. Are you up for the new remarketing challenges?
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Although airport rates continued to decline in December, Hertz Global Holdings’ recent announcement to increase U.S. retail prices for all Hertz, Dollar and Thrifty car rentals after Jan. 1 appears to have boosted rates this past week.
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