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Overall Fleet Sales Down 39% in 2020
Total fleet sales for the entirety of 2020 — which is comprised of commercial, rental, and government sales — came in at 1,684,879 units.
Total fleet sales for the entirety of 2020 — which is comprised of commercial, rental, and government sales — came in at 1,684,879 units.
Despite a rollercoaster year, demand for trucks is strong — so strong that it is expected to outpace supply. This is refiring an interest in both buying and selling used units.
Wholesale used vehicle prices increased 0.47% month-over-month in October, bringing the mid-month Manheim Used Vehicle Value Index to 161.9, a 15.4% increase from October 2019.
Wholesale used vehicle prices increased 5.84% month over month in July, bringing the Manheim Used Vehicle Value Index to 158 a 12.5% increase from a year ago and another record-high for the Index, which also occurred in June.
The COVID-19 pandemic is still plaguing the light vehicle market, but May’s sales pace is still expected to be a giant step forward on the path to recovery.
According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.
The latest AAA Foundation research found that between 2008 and 2012 — the five-year period before the drug was legal — an estimated 8.8% of Washington drivers involved in fatal crashes were positive for THC.
The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
Fleet data collected in 2019 found that depreciation expenses for most vehicles went down in 2019.
Manheim's president who oversees the inventory solutions unit offers thoughts on fleet mobility services, bringing artificial intelligence to inspections, and the company's diversification strategy.
The trucks and vans that topped J.D. Power's lists for 2019 Resale Value awards include the GMC Sierra 3500, Toyota Tundra, Toyota Tacoma, and Honda Odyssey minivan, the firm announced.
More SUVs, the retention of higher mileage vehicles, and new methods of remarketing are some trends fleets are observing in the wholesale market.
TradeRev started as a dealer-to-dealer mobile app, but has expanded its offerings to give more real-time auction access to commercial fleets and fleet management companies.
Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.
It never ends; management wants cost reduction, and fleet managers must come through, year after year. Beyond those ‘hard’ costs that are easily measured are soft and hidden costs that are equally important. Here are some tips on finding, and eliminating such costs in your fleet.
As vintage Chevrolet trucks increase in popularity with enthusiasts, more trucks are going up for auction and sale prices for the most coveted trucks keep increasing. As we look back at 100 years of Chevy truck history, here’s a gallery of the nine most expensive Chevrolet trucks sold at Barrett-Jackson auctions to date. Photos courtesy of General Motors.
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