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AP Fleet Management expanded its commercial vehicle remarketing program with dedicated resale services and an online marketplace for used work trucks.
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Five model years of used vehicles depreciated 2.3% in November, which showed a slight improvement from October and remained in line with the typical weakening of values at this time of year, according to Black Book data.
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From the push to “go green” to new-vehicle launches to mergers and acquisitions, the past decade has been covered in full by the No. 1 vocational truck magazine.
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Regardless of the vocational application, companies are in the business of “manufacturing” used vehicles. Today’s new truck is tomorrow’s used truck. How you spec a truck has a direct bearing on its future resale value.
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Depreciation for 1- to 5-year-old vehicles saw a significant increase to 2.9% for October from the 2.3% September rate with passenger cars seeing greater weakness, according to Black Book.
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GM’s redesigned Duramax 6.6L turbo-diesel offers a number of advantages to fleets including increased horsepower and torque, and fleets are showing interest in the new engine, which will be available in the 2017 Chevrolet Silverado HD.
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A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
Read More →World Data Corp. has introduced its DATASYNC Application Programming Interface (API) data delivery system. The new tool allows companies to integrate World Data information into new or existing applications so it can be seamlessly presented to users, according to the company.
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Rising car depreciation put a drag on used vehicle sales, which fell in value significantly more sharply in August compared to July and August from a year ago, according to Black Book.
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Used vehicles from the 2011 to 2015 model years depreciated 1.5% in July, a slight improvement over June's 1.7% depreciation rate, reports Black Book.
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When spec'ing a truck, it is critical to find the balance between building a truck to perform the intended job function and ensuring there will be a strong secondary buyer demand in the resale market at the end of its lifecycle.
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