Business Fleet – Market Trends

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The Emerging Trend of Simultaneous Remarketing on Multiple Online Platforms

May 7, 2013

When you electronically buy an airline ticket, you do so through an electronic hub, such as Egencia. When realtors electronically list homes for sale, they use a multiple listing service for all other realtors to simultaneously see the property listing. Many see comparable change occurring for the remarketing of vehicles in the wholesale market. The consensus among remarketers is not “if” this will occur, but “when.” And, just as important, most see it happening sooner, rather than later

Tags: IARA, remarketing, online auctions

Author: Mike Antich | Posted @ Tuesday, May 7, 2013 12:00 AM | » Comments(1)

Resetting Management's Future Resale Expectations

July 13, 2012

All good things eventually come to an end. So, too, will today’s abnormally high used-vehicle prices. Today's resale values are an anomaly caused by a decrease in used-vehicle inventory in the wholesale market, resulting from the extremely low sales of new vehicles from 2009-2011. You need to educate management that today’s resale values will decline. Otherwise, you run the risk of being management’s future scapegoat for declining resale values due to their misperceptions of the market.

Tags: remarketing, Black Book, Market Trends, ADESA Analytical Services

Author: Mike Antich | Posted @ Friday, July 13, 2012 12:00 AM | » Comments(2)

Impact of Future CAFE Standards on Resale Values

December 5, 2011

The cost to design and build vehicles to meet the higher 2017-2021 fuelefficiency standards will average an additional $2,000 to $6,000 per vehicle. Proponents of the higher CAFE standards argue the higher acquisition costs will be offset by much greater fuel savings. However, is there a diminishing return on cost savings as fuel efficiency increases? Kelley Blue Book thinks so.

Tags: remarketing, residual values, CAFE, Mike Antich

Author: Mike Antich | Posted @ Monday, December 5, 2011 12:00 AM | » Comments(3)

Resale Values Forecast to Decline 10-15% by 2014 as Used-Vehicle Supply Increases

September 13, 2011

Today’s high resale values are an anomaly caused by the shortage of used vehicles in the wholesale market due to the extremely low sales of new vehicles during the 2008-2011 timeframe. Nowadays, everyone is a hero when it comes to getting top dollar for their out-of-service fleet vehicles. However, these artificially high prices will ultimately decline as used-vehicle supply increases.

Tags: remarketing, used vehicles, residuals, Antich, resale value

Author: Mike Antich | Posted @ Tuesday, September 13, 2011 12:00 AM | » Comments(1)

Top 6 Fleet Trends in the Medium-Duty Truck Market

July 14, 2009

Six key trends will determine Class 3-7 medium-duty truck lifecycle costs in the 2010 calendar-year. They are diesel prices, acquisition costs, resale, maintenance costs, replacement tire expense, and environmental regulatory requirements. Here is a forecast of what to expect.

Tags: remarketing, Acquisition, diesel, resale value, Replacement Tires, Regulations, Medium-duty trucks

Author: Mike Antich | Posted @ Tuesday, July 14, 2009 8:43 AM | » Comments(2)

Used-Vehicle Market Nosedives in October: More Downward Movement Anticipated

November 11, 2008

October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.

Tags: remarketing, financing, wholesale market, credit gridlock

Author: Mike Antich | Posted @ Tuesday, November 11, 2008 10:18 AM | » Comments(1)

More Factors Point to an Impending Used-Vehicle Shortage

August 7, 2008

The past two weeks have produced a dizzying string of announcements ranging from Chrysler Financial stopping lease financing, Chase Auto Finance no longer providing lease financing for Chrysler brands, Wells Fargo ending lease financing, all major OEMs decreasing truck production volumes, and HSBC Financial Corp.’s decision to stop funding auto loans. All of which may be good news for fleets remarketing vehicles two to three years from now.

Tags: remarketing, Chrysler Financial

Author: Mike Antich | Posted @ Thursday, August 7, 2008 8:46 AM | » Comments(3)

A Perfect Storm Pummels Truck Resale Values

July 15, 2008

A combination of market forces have converged to create a “perfect storm” to drive down resale values for pickup trucks by 15-25 percent. These convergent forces are higher fuel prices, tighter consumer credit, and a stagnant construction market. As a result, the pool of buyers (hence market demand) for used trucks has contracted, putting downward pressure on resale prices.

Tags: remarketing, resale value, four-cylinder

Author: Mike Antich | Posted @ Tuesday, July 15, 2008 8:56 AM | » Comments(0)

Economic Slowdown Causes Fleet Resale Values to Decline

February 11, 2008

Most fleet vehicles are purchased by subprime buyers; however, these buyers are now finding it increasingly difficult to qualify for used-vehicle loans. The slowdown in the construction market is dampening demand for used pickups, and full-size vans.

Tags: remarketing

Author: Mike Antich | Posted @ Monday, February 11, 2008 2:58 PM | » Comments(0)

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AUTHOR BIO

Mike Antich

Editor and Associate Publisher

Mike Antich has been covering the fleet management and vehicle remarketing markets for more than 20 years. During this period, Mike has written or edited more than 4,600 articles on the subjects of fleet management, manufacturer fleet activities, the fleet leasing industry, and vehicle remarketing. He was inducted in the Fleet Hall of Fame in 2010.

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