Residual Values - Tagged Posts - Global Fleet Management

Used EV Values Under Pressure as Tesla RVs Drop £3,000

Tesla models have witnessed some of the industry's greatest downward movements, and the automaker has heaped further pressure on its used values by announcing new car price reductions on its Model 3 and Model Y.

Kia to Reduce Dealer SMR Costs for Fleets

Kia UK is introducing a new fleet service package to its dealers, designed to compete with independent service providers, while offering the benefit of a dealer service record.

When Resale Values Normalize, Will Depreciation Risk Increase?

This week's State of the Fleet Industry video examines how vehicle prices and values, acquisition and depreciation costs, interest rates, and other economic factors affect fleets—especially when resale values normalize.

Supply Issues Continue to Dog Fleet Market; New Members Join Global Fleet Advisory Board

There was further discussion about the currently high residual values (RVs) of vehicles, as well as leasing companies making good profits on resale.

Higher Residuals Offset Increased Cost Pressures on Fleet Budgets

As fleet costs increase across the board and incentives reduced, budgets become negatively impacted. Get more insight into how higher resale values are offsetting this trend in this State of the Fleet Industry video.

Residual Values Begin to Weaken

In the United Kingdom, new car sales had its worst month since 1998 as new car registrations fell by over 14%.

Manheim Used Value Index Drops 9.6% Due to COVID-19 Pandemic

Wholesale used vehicle prices dropped 11.8% month-over-month so far in April, bringing the Manheim Used Vehicle Value Index to 125.2, which is 9.6% lower than it was at the same time in 2019, and could reach lows not seen since 2008.

Manheim Used Value Index Grows 6.2% in February

Wholesale used vehicle prices increased 1.35% month-over-month in February, bringing the Manheim Used Vehicle Value Index to 143.5, which is 6.2% higher than it was at the same time in 2019.

Remarketers Forecast the 2020 Used Market

The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.

Used SUVs Reached Saturation Point in 2019

CUV/SUVs saw year-over-year declines to their wholesale values, but are still performing well due to continued demand for these segments and cheap gas prices, but an inflection point is approaching.