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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.
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The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
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Overall used vehicle values, and truck values in particular, were down month-over-month in October, according to Black Book’s latest Used Vehicle Retention Index.
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Wholesale values declined 0.3% for model years 2016-2017 and 0.2% for model years 2008-2015 in December.
Read More →The passenger car segment was a main contributor to the the rise in used-vehicle prices in 2018.
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The average 12-month depreciation through the end of November for all vehicles was 12.5%.
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The small pickup segment experienced its highest depreciation of the year last week, according to Black Book’s Dec. 3 Market Insights report.
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The Mercedes-Benz C-Class topped a list of the most recalled cars in recent model years, while the Hyundai Accent was the least-recalled vehicle during the same period, according to a report on ISeeCars.com.
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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.
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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.
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