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Sales of vehicles to commercial fleets increased 2.1% in May, while sales to government fleets were flat, and sales into daily rental increased 29.8%.
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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.
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Certify's annual review of business expense trends shows that car rental represented 25% of overall transaction volume in ground transportation in 2017. National Car Rental was the most expensed and top-rated brand in 2017, according to Certify data.
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Wholesale used vehicle prices rose for the sixth month in a row in October, increasing by 1.02%, according to Manheim’s October Used Vehicle Value Index. This brought the index to 136.3, an 8.1% rise from a year ago.
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Sales of vehicles to commercial fleets from eight manufactures increased 3.7% to 49,801 in October with strong truck sales outweighing a nearly 30% decline in cars, according to Automotive Fleet data.
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Sales of vehicles to commercial fleets from eight manufactures increased 25.7% to 51,112 in September with strong sales in the truck category, according to Automotive Fleet data.
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Prices consignors booked from off-lease fleet vehicles fell 0.2% in May, but remain up 3.5% from a year ago, Tom Kontos wrote in his monthly Kontos Kommentary.
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Full-size pickup truck retention rates for model-year vehicles older than two years showed a slight decrease this year after steadily increasing for the last five years.
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Cars showed better retention in the last week of September than in the previous four weeks, while trucks depreciated more than they have during that same timeframe.
Read More →Luxury vehicle segments have on average faced the biggest depreciation heading into fall over the last 10 years, according to an analysis of Black Book data.
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