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August


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09/01/2020 | Leadership Panel on The State of the Fleet Industry Takes Place at NAFA's Virtual I&E

The insightful State of the Fleet Industry presentation features Patti Earley, CAFM, President, NAFA Fleet Management Association; Katie Keeton, President, Automotive Fleet & Leasing Association (AFLA); and Steve Carey, President, NTEA – The Association for the Work Truck Industry. The session taking place Thursday, September 17, provides a clear, unified overview of where fleet is right now, what is likely to dominate the industry's efforts in the near future and down the line, and most importantly, how this information can benefit and prepare fleets around the globe for what comes next.

08/11/2020 | Jonathan Smoke's Remarketing Strategy - August 2020 - Used Vehicle Values Set New Record for Second Straight Month

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 5.84% month-over-month in July. This brought the Manheim Used Vehicle Value Index to 158.0, a 12.5% increase from a year ago and a record high for the Index. Manheim Market Report (MMR) prices improved over the four full weeks of July, resulting in a 4.9% cumulative increase on the Three-Year-Old Index. MMR Retention, which is the average difference in price relative to current MMR, was greater than 100% every day but one in July and averaged 102.5% for the month.