Over the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 1.9%, which was more than the normal decline of 1% for the time of year.
The downward trend continues, as June CPO sales were down 1% from May’s sales stats.
May’s CPO sales result is the lowest since February, also down over 22% from May 2021.
But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
While media reports concentrate on the sting and the “outrage,” where’s the empirical evidence that fleet vehicles are less mechanically sound than vehicles sold from private owners?
The erroneous perception of a beat-up off-rental car will linger as long as misguided disclosure laws remain.
The key is to understand what is meant by “fleet” — and then separate perception from reality.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
