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Manufacturers registered a 0.7% month-over-month price increase and a 2.7% year-over-year rise, indicating still-strong demand for off-rental program units. Fleet/lease consignors experienced a 2.1% sequential price decrease and a 1.9% annual increase, in part from strong dealer demand for rental risk and commercial fleet units.
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New online platform allows car buyers to cross-shop rental brands for used-car inventory while taking advantage of Rent2Buy’s unique ‘try-before-you-buy’ concept.
Read More →Consumers and dealers may be "pushing back" at the high price of used vehicles.
Read More →The car rental company expects corporate adjusted EBITDA, excluding merger-related expenses, to be within $240 million to $260 million for the full year of 2010, an increase of $40 million from the company's previously announced guidance range.
Read More →DSC customers will be able to purchase wholesale vehicles directly from Hertz’s national fleet of well-equipped used cars, trucks, and SUVs, by contacting their local sales representative.
Read More →The report from Manheim Consulting reveals the average price for off-rental vehicles increased in July and year-over-year.
Read More →Used-vehicle values continue to be relatively strong in retention based on historical levels, although that strength has eased somewhat in the past month.
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Wholesale used-vehicle prices in June averaged $10,278 – down 2.6 percent from May and up 1.4 percent versus prior year. The mid-size cars and minivans segments saw significant price declines last month.
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The extensive drop in new-vehicle sales last year may cause a decline in the used-vehicle supply, resulting in higher resale values in the next few years.
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To answer this question you must decide: Are you in the used-car business and happen to rent cars, or are you in a rental business that happens to sell cars?
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