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TAG SEARCH RESULT: Used Vehicles

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August 17, 2017

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.

August 17, 2017

Cleaning Company Stocks Fleet with Police Cruisers

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.

July 10, 2017

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.

June 30, 2017

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.

June 5, 2017

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.

February 27, 2017

Vehicle Depreciation to Reach 17.8% in 2017

The vehicle depreciation rate will reach 17.8% in 2017 on 17 million new-vehicle sales, slightly higher than the 17.3% mark recorded in 2016, according to latest forecast from Black Book and Fitch Ratings. Prior to the Great recession, annual depreciation trended between 16% and 18%.

February 10, 2016

GM Activates Online Used-Car Remarketing Portal

General Motors has launched its Factory Pre-Owned Collection portal to offer used Chevrolet, Buick, GMC, and Cadillac vehicles to online buyers.

January 13, 2016

GM Adds Online Used-Vehicle Buying Program

GM announced the company is launching the Factory Pre-Owned Collection as another example of GM’s efforts to earn customers for life.

October 12, 2015

September Depreciation Flat, Truck Segments Show Strength

Used vehicles sold at auction declined 1.5% in value in September — a depreciation pace relatively unchanged from August — in a month that saw relative strength in some truck segments and compact cars continue their slide, according to Black Book.

January 29, 2015

2015 Resale Forecast For Cars, Vans and Trucks

The depreciation rate for cars is expected to outpace trucks and vans, which will be aided by strong demand from small fleet buyers.

May 21, 2014

April Used Vehicle Prices Up 3.7% From Year Ago

Wholesale prices remained at high levels in April, reflecting scarcity in supply and abundance of demand, according to the latest Kontos Kommentary from ADESA Chief Economist Tom Kontos.

August 13, 2013

Black Book Says Model-Year Changeover and Greater Supply Could Have Big Impact on Depreciation

Key factors affecting prices beyond the model-year changeover are a larger number of trade-ins, with 60 percent of new-car sales involving one, according to Black Book, and a greater supply of off-lease models.

July 9, 2013

ADESA: Wholesale Used Vehicle Prices Soften in June

Tom Kontos, ADESA’s chief economist, reports that wholesale used vehicle prices for June continue to soften while the used vehicle supply continues to recover.

February 19, 2013

KBB Report: Fair Purchase Price Data Shows Vehicle Segments Worth Buying Used

Compact cars was the segment found by Kelley Blue Book to have the least amount of savings when buying used cars compared to the new models. According to the report, which looks at retail pricing, a 2009 model-year compact car or older would have to be purchased to see at least $100 in savings per month.

November 29, 2012

Kelley Blue Book Announces 2013 Best Resale Value Awards

KBB’s Best Resale Value Awards are based on projections from the Kelley Blue Book Official Residual Value Guide and look at current and forthcoming vehicles for their projected retained value throughout the initial five-year ownership period. The awards are by brand and by vehicle segment.

October 24, 2012

A Good Time to Buy Used?

Fleet operators are staring at a price squeeze right now that’s going to hurt. But there are ways to mitigate the pain.

September 27, 2012

Pace of Car Price Declines Picking Up, Black Book Says

Black Book reported that resale values declines in the car segment have become increasingly large since April, though the truck segment, on the other hand, has seen price drops slow.

January 24, 2012

How to Remarket Fleet Vehicles on eBay Motors

Are you getting the most out of your vehicle remarketing strategy? EBay Motors serves as both a classified ad site and an auction site — combing the powers of websites like AutoTrader and Manheim into one.

September 13, 2011

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

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.

April 18, 2011

The Ongoing Used-Vehicle Shortage Favors a Short-Cycling Replacement Strategy

Nearly all fleet-related costs, both fixed and operating, are influenced by when a vehicle is replaced. Today’s exceptionally strong wholesale market caused by the shortage of used vehicles offers commercial fleet managers an “out-of-the box opportunity” to short cycle vehicles. A shorter 24-month replacement cycle will maximize resale values, reduce operating costs and downtime, increase negotiating leverage with OEMs, and improve driver morale,

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