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Remarketing

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Q&A: Manheim's Grace Huang Looks Ahead

Grace Huang (left), Manheim president, shared her thoughts on the future of remarketing with...

Manheim's president who oversees the inventory solutions unit offers thoughts on fleet mobility services, bringing artificial intelligence to inspections, and the company's diversification strategy.

Article

The State of Remarketing in 2019

The average 12-month depreciation for the overall wholesale market, as of July 2019, is 12.9%,...

Overall used vehicle values are at strong levels. Crossover values are holding steady but there is cause for concern in the near future. Sedan values are expected to improve or stabilize as more crossovers enter the market.

News

Commercial Fleet Sales Increased 8.8% in 2018

Commercial fleet sales closed out the year 8.8% higher driven by trucks and SUVs.

Sales of vehicles to commercial fleets from eight manufactures increased 8.8% to 743,210 in 2018, even with a weaker December, on the strength of sales of trucks, SUVs, and vans that accounted for nearly nine units out of every 10 sold.

News

Used Fleet Vehicle Prices Fell 2% in October

The average price of fleet vehicles sold at auction in October fell 2%.

The average price for used fleet vehicles fell 2% at auction in October, but remained 6.1% higher than a year ago amid a strong month for wholesale prices, according to Tom Kontos, KAR Auction Services' chief economist.

News

Used Fleet Vehicle Values Fall 1.6% in September

Used fleet vehicle values moved lower in September along with the broader wholesale market.

Vehicles from fleet consignors followed the broader used-vehicle market downward in September, as wholesale prices struggled to keep up with last year's hurricane-driven demand and a now robust upstream market, said Tom Kontos, KAR Auction Services' chief economist.

News

Auctions Return to Business Following Florence

The area of Carolinas affected by Hurricane Florence is less densely populated than storms that...

Used-vehicle auctions have started resuming regular business hours following the effects of Hurricane Florence, which had less of an impact on the U.S vehicle market than Hurricanes Harvey and Irma in 2017.

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Auto Focus

Chris Brown, executive editor of Business Fleet, Auto Rental News, and Fleet Forward, offers his...

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