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Company grows North American rental fleet to nearly 30,000.
Read More →The research firm says it expects a healthy recovery during the next five years, but no return to 17-million unit years anytime soon.
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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.
Read More →The report from Manheim Consulting reveals the average price for off-rental vehicles increased in July and year-over-year.
Read More →June new-vehicle retail sales were down 5 percent compared with one-year ago. Fleet sales were not expected to change, so the SAAR may come in well below the 10.9 million units previously expected.
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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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Used-vehicle prices are achieving highs that will start to drive used-vehicle buyers to new cars, says Tom Kontos in Adesa's April Current Used Vehicle Market Conditions and Outlook.
Read More →Industry recovery regains traction as both retail and fleet sales levels improve.
Read More →While 2009 was one of the roughest roads the auto industry has traveled, the road ahead looks more promising for the Detroit 3 with on average gain of approximately 3 percentage points in the 36-month residual outlook.
Read More →Ford and Lincoln Mercury dealers can conduct online purchases of off-rental vehicles with their existing Ford Signature Floorplan or Ford DEFT accounts.
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