Search Close Menu

Remarketing

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.

News

Hurricane Florence Closes N.C. Auctions

At least two auctions curtailed operations as Hurricane Florence moved through the the Carolinas.

Several North Carolina used vehicle auctions closed as a result of Hurricane Florence sweeping into the state, while others shifted to online sales or delayed on-site sales.

Article

Used Vehicles Thriving in 2018

Used-vehicle values have performed better year-over-year, despite an off-lease tidal wave in 2018.

Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.

News

Used Fleet Vehicles Worth 8.1% More Than Last Year

Vehicles that went to auction from fleets performed the strongest in July, according to KAR...

Vehicles that were taken out of commercial, government, and daily rental fleets and sold at auction in July were worth 8.1% more than they were a year ago and 0.4% more than in June, according to Tom Kontos, KAR Auction Services' chief economist.

News

Wholesale Fleet Vehicle Values Fall 1% in June

Mid-size sedans, in particular, performed well in the wholesale market. Mid-size sedan...

Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

News

NAAA Begins Recall Awareness Campaign

The National Auto Auction Association is teaming up with the National Safety Council to reduce...

The National Auto Auction Association will begin raising awareness among its members about dealing with open recalls on vehicles that are sold at wholesale auctions under a new partnership with the National Safety Council.

News

Avis Opens New Car Sales Locations

All vehicles are Avis Certified — meaning they have passed a rigorous multi-point, bumper-to-bumper inspection process completed by certified mechanics, including ASE-Certified and ASE Master Technicians.

News

Enterprise Car Sales Joins SiriusXM Pre-Owned Program

Courtesy of SiriusXM.

Enterprise Car Sales has joined the SiriusXM Pre-Owned Program, meaning that customers who purchase a used vehicle from an Enterprise Car Sales location will be offered a three-month subscription to SiriusXM’s All Access audio package, according to a company announcement.

News

Used Vehicle Sales Increase 1.6% to 39.2M

Photo via Laitr Keiows/Wikipedia.

The used-vehicle industry reached a record-breaking 39.2 million in sales in 2017, representing a 1.6% year-over-year increase, according to the latest Used Car Report from Edmunds.

Blogs

Auto Focus

Chris Brown's perspective on fleets, auto rental, mobility, and the business of cars.

Read More