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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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According to Rate-Highway and The Tennant Group’s 50-City Survey, the average overall rates in March were down $3.36 from a year ago. Washington Dulles International Airport had the highest rate at $90.07 while San Diego International Airport marked the highest rate at $32.27.
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Manheim and several other remarketing industry partners will continue moving forward to develop a multiplatform bidding system in the wake of announcements by ADESA and ServNet Auctions dropping out of the planning process.
Read More →Average wholesale used vehicle prices rose significantly in January on both a month-over-month and year-over-year basis — up 3.6% compared to December and up 2.4% relative to January 2014, according to ADESA Analytical Services‘ monthly analysis of wholesale used vehicle prices.
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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.
Read More →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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