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The dynamics in today's market are eerily familiar to the resale value softness that occurred in the last decade. It appears that we are on the same trajectory, with off-lease volumes peaking in 2016.
Read More →In their most recent conference calls, Avis Budget Group and Hertz gave an outlook on pricing, fleet costs, the used car market and fleet optimization strategies.
Read More →Wholesale used vehicle prices for March were up 6% compared to February and up 4% relative to March 2013, according to ADESA Analytical Services' monthly analysis.
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Wholesale used vehicle prices continued to increase and rose 0.9% in March. The Manheim Used Vehicle Index now stands at 124.4, an increase of 3.3% from a year ago.
Read More →Although wholesale used vehicle prices were down from January, the prices were up 0.9% on a year-over-year basis, according to ADESA. Continued wholesale supply growth was coupled with weaker retail demand.
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Wholesale used vehicle prices rose 0.8% in February while used vehicle sales declined 1.3%. The Manheim Used Vehicle Value Index now stands at 123.3, an increase of 1.1% from a year ago.
Read More →Auto manufacturers are ready to pump out more cars. Could this mean higher incentives and lower residuals?
Read More →According to ADESA, wholesale used vehicle prices continued to soften in January due to volume growth, which continues to put downward pressure on prices, and weather conditions restricting retail demand.
Read More →Avis Budget Group Inc. has introduced Avis Direct, a used car sales program for licensed automobile dealers.
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After a decline in December, wholesale used vehicle prices rose 0.5% in January. The Manheim Used Vehicle Value Index now stands at 122.3, a decline of 0.9% from a year ago.
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