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Tom Webb of Manheim, Ricky Beggs of Black Book and Alec Gutierrez of Kelley Blue Book will discuss the forces affecting fleet costs, residual values, auction trends and more.
Read More →The ‘Manheim en Español’ auction was designed to meet the needs of its growing Spanish-speaking dealer base and local community.
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Wholesale used vehicle prices declined in August, bringing the Manheim Used Vehicle Value Index to a level of 120.7 — down 2.4% from a year ago.
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As the market adapts to an era of restricted supply, car rental companies hone the process of buying and selling cars to keep fleet costs in line.
Read More →Wholesale values were off only 1.3% from the record reached in May 2011.
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Average auction rates for rental risk units remain above this mark for the fifth month in a row.
Read More →The average auction price for a rental risk unit declined slightly in June, but remained above the $14,000 mark. While average mileage declined slightly from May to June, mileage and price remain at historically high levels.
Read More →The report, released this week at the NADA convention, revealed that after four straight years of declines, both new- and used-vehicle retail sales climbed in 2010. However, wholesale supply declined for the third straight year.
Read More →The report from Manheim Consulting reveals the average price for off-rental vehicles increased in July and year-over-year.
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Rental car operators are increasing their fleet vehicles’ months in service. But do you really have to drive up hold times to survive?
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