Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Remarketing

Photo: Manheim

News

Manheim Improves Vehicle Valuation Tool

Manheim has updated its vehicle valuation tool, the Manheim Market Report (MMR), to provide more detailed valuations of used vehicles to increase transparency and improve the remarketing process, the company announced.

Carpe Diem Cleaning bought used police vehicles at auction to build its fleet for a more reasonable price. Photo courtesy of Carpe Diem Cleaning

Articles

Cleaning Company Adds Police Cruisers to Fleet

Looking to build a fleet for a reasonable price, Carpe Diem Cleaning bought used police vehicles at auction. The cruisers have been great for space and dependability, and they also make a good marketing tool.

According to J.D. Powers, the average sleeper tractor retailed last month was 74 months old, had 443,714 miles and sold for $47,728. Photo: Evan Lockridge

News

Used Truck Prices Hold Firm in July

J.D. Powers analysts found prices for used trucks remain high as volume levels dropped, while retail prices continue to hold steady as well.

Photo of 2012 Tacoma courtesy of Toyota.

News

Vehicle Depreciation Shows Pockets of Strength at Midway Point

The average price of a used vehicle for model years 2012 to 2016 decreased in value 1.3%, slightly more than the 1.2% decrease in May, according to Black Book. The price of cars overall dropped 1.8%, while trucks decreased 0.8% in value in June. All vehicles are averaging a 12-month depreciation of 16.7%.

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News

Small Pickups Show Low Depreciation, Value Gain

Over the past three months, two segments have shown unchanged value or an increase in overall value: Full-Size Pickups are unchanged, and Small Pickups have gained +0.2% in value.

Screenshot via Manheim/YouTube.

News

Used Vehicle Values Keep Climbing Higher, Manheim Says

The Manheim Used Vehicle Value Index hit a record high for the second consecutive month, as wholesale used-vehicle prices rose 1.1% month over month in June. The increase brought the Index to 129.3, a 2.5% increase from a year ago.

Photo via Creative Commons.

News

New-Vehicle Sales Down 2.3% in First Half of 2017

New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.

Photo of 2015 Ram ProMaster courtesy of FCA.

News

Used Vehicle Depreciation Accelerates in May

Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.

Black Books' Used Vehicle Retention Index declined 0.7 percent from April to May. Anil Goyal, senior vice president of Automotive Valuation and Analytics for Black Book, predicts further declines in the coming months. Photo courtesy of Merit Mile.

News

Black Book's Used Vehicle Valuation Index Falls in May

“It is expected that we will see more declines in the Index in the months ahead as we move deeper into the year, particularly driven by softness among car segments,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics for Black Book.

SOURCE: BLACK BOOK USA

News

Trucks Continue to Show Slow Depreciation

This week’s Black Book Market Insights report looks at the truck segments that are picking up less weekly depreciation compared with cars, signaling that summer is fast approaching.

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Remarketing

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A "pool" or inventory of already built vehicles on consignment at body companies, awaiting sale and upfit by dealers or leasing companies.

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