With the help of industry experts, Automotive Fleet takes a look at the current state of the used-vehicle market and what the near future may hold.
The collaboration promotes safe deployment of second-life use for Xos battery packs nearing end-of-life.
The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
OAK HILL, VA – The Sales Network, a provider of niche-marketing solutions, released a new website, afcresale.com, designed to aid customers looking to buy and sell previously owned alternative-fuel vehicles and equipment.
Today’s high resale values are an anomaly caused by the shortage of used vehicles in the wholesale market due to the extremely low sales of new vehicles during the 2008-2011 timeframe. Nowadays, everyone is a hero when it comes to getting top dollar for their out-of-service fleet vehicles. However, these artificially high prices will ultimately decline as used-vehicle supply increases.
Nearly all fleet-related costs, both fixed and operating, are influenced by when a vehicle is replaced. Today’s exceptionally strong wholesale market caused by the shortage of used vehicles offers commercial fleet managers an “out-of-the box opportunity” to short cycle vehicles. A shorter 24-month replacement cycle will maximize resale values, reduce operating costs and downtime, increase negotiating leverage with OEMs, and improve driver morale,
Wholesale used-vehicle prices during fourth quarter 2008 were the worst on record. Since then, wholesale prices rose significantly in January through March. The improvement in pricing in 1Q 2009 reflects better-than-expected retail sales of used vehicles. Resale values for mid-size sedans are substantially higher than in 2008, as are prices for light-duty trucks and SUVs. However, consumer confidence and credit availability remain two wildcards to the market's ongoing vitality.
LOS ANGELES – Overall hybrid sales have dropped significantly as a result of the nationwide decline in gasoline prices, with used-hybrid values falling over 25 percent since last summer.
Toyota's Certified Used Hybrid Program provides added inspection and warranty coverage for customers with used Toyota hybrids.
The troubled economy and depressed wholesale market are making it doubly tough for fleets looking to go green. But there are ways of coping with both.
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