Fleet remarketing - Page 5

Latest fleet industry news, including Sinclair Finance and Leasing extends Fleet Assist SMR contract and Drivetech launches new course.

November has continued to see average used car values decline, down by 4.2% in the month for three-year-old vehicles, mirroring the fall in October.

The remarketing sector will face “many headwinds” next year but opportunities remain, the Vehicle Remarketing Association’s annual seminar heard on Tuesday.

Adesa UK has rebranded to Openlane UK following the consolidation of its digital marketplaces earlier this year.

The used market is now undergoing a transitional period, driving a realignment of values, according to Cox Automotive.

Andy Picton, chief commercial vehicle editor at Glass’s, examines the new and used market for vans in October.

The demand for used battery electric vehicles doubled in quarter three, reaching a record market share.

Used car values have slipped a further 1.5% on average since Cap HPI reported a 4.2% fall in October, the largest drop in a single month for more than a decade.

Company-owned electric cars entering the second-hand market has seen the median price of used EVs drop, according to new data from New AutoMotive.

The average value of a used car at three years, 60,000 miles, fell by 4.2% in October, equivalent to £850, according to new figures from Cap HPI.

Cox Automotive has published predictions for the new and used car market, with fears that current residual values may not be sustainable in the long term.

Tristan Downs, remarketing and operations director, Sogo mobility, examines how fleets can play a pivotal role in managing the way vehicles are placed back into the market.

The latest pricing information and analysis of the used van market from Manheim and BCA.

The average retail value of a used EV has increased in October following months of decline, new pricing data suggests.

Andy Picton, chief commercial vehicle editor at Glass’s, delves into the latest new and used van data for September.

Ensuring that used EV batteries are properly assessed before sale is the focus of a new whitepaper from the Vehicle Remarketing Association.

September recorded the largest drop in used car values in the past 15 years, when in 2008 values fell by 4.1% in the wake of the banking crisis.

The decision to delay ending the sale of new, petrol and diesel cars and vans, is likely to have a limited impact on real world fleet strategies, says the AFP.

Dylan Setterfield, head of forecast strategy at Cap HPI, looks at how used car values will likely perform into 2024.

Used electric vehicles have recorded an increase in average prices for the first time in over a year following months of declining values, new data suggests.

Andy Picton, chief commercial vehicle editor at Glass’s, examines the performance of the new and used van markets.

One in 14 used cars under five years old have mileages falsified, new analysis by vehicle history checking company CarVertical suggests.

Prices have now settled to what Cox Automotive believes represents the new normal for the used light commercial vehicle (LCV) market.

Used battery electric vehicle (BEVs) sales have increased, growing by 81.8% to 30,645 units in quarter two, representing 1.7% of the market.

Price pressure on used electric vehicles (EVs) for leasing companies could be avoided by introducing a subscription service for returning stock.

Cox Automotive is predicting that used car transactions for the year will exceed 7.1 million units, a 4% year-on-year increase.

A shift in stock mix is heavily influencing the used van market compared to earlier in the year, according to BCA.

Used car values fell by 1.9% in July despite healthy wholesale activity, according to pricing experts at Cap HPI.

A salary sacrifice scheme for second-hand electric vehicles (EVs) has been launched by Octopus Electric Vehicles.

After months of falling prices, the values of used electric vehicles (EVs) are beginning to stabilise, according to the latest analysis of auction data.

A commercial vehicle disposal guide to help fleets optimise the residual values vans and trucks has been created by Shoreham Vehicle Auctions (SVA).

Andy Picton, chief commercial vehicle editor at Glass’s, gives an update on the new and used LCV market.

Richard Coe, managing director of Albany Business Consulting, examines issues around the future residual value calculations for electric vehicles.

The modern fleet decision-maker has an expanding range of responsibilities, as advances in technology and an ever-widening range of products and services add complexity.

After substantial decreases in used electric vehicle values in recent months, pricing experts believe that they are set to plateau in the second half of 2023.

June marked another month of contracting prices for used electric vehicles, with the average retail value falling year-on-year, new data suggests.

Volkswagen Financial Services (VWFS) has awarded a new five-year remarketing contract to Epyx.

The profile of used light commercial vehicles (LCVs) entering the wholesale market is continuing to change, with the age of vehicles and mileages increasing.

Andy Picton, chief commercial vehicle editor at Glass’s, analyses the new van market, with registrations rising for the fifth straight month.