ADESA and NADA UCG Analysis Similar to Other Market Reports

  • Kontos Kommentary and NADA Used Car Guide had numbers and analysis similar to other markets released lately – prices are down but overall conditions are stabilizing, all things considered.
  • Difference this time was that prices fell on a month-over-month basis, indicating Spring/Tax season is winding down or over.
  • While it was largest drop since October 2012’s 2.9%, month’s loss was relatively mild from seasonal standpoint.
  • Certified pre-owned vehicles saw very strong sales volume month – up 6.1% month-over-month, and 19.2% year-over-year, according to ADESA Analytical Services report.
  • Losses of 3.3% for compact and 3.0% for mid-size cars – significantly outpaced overall market decline for 2nd consecutive month, according to NADA Used Car Guide.
 

How German Automakers Are Doing Well with Remarketing as New Vehicles Slump

Automakers and dealers doing business in Europe are seeing tough times as sales continue to drop – German automakers have definitely been feeling the pinch.

Heading toward lowest sales level since West Germany and East Germany reunified in 1990.

BMW, Daimler, and Volkswagen are dealing with the crisis by pushing remarketing in the growing used car market.

Here’s how this market trend has been playing out in the Germany:

• Automakers offering leases and fast-track loans on used vehicles.

• Reaching new customers who had avoided buying new cars beyond their financial reach – someone will become a first-ever customer to the brand.

• Pre-owned vehicle marketing campaigns have paid off – they climbed 10% to eight billion in euros in Germany last year – 6.9 million transactions – highest in a decade and more than double new vehicle sales.

• Automakers are offering traditional add-on services like insurance, maintenance packages and extended warranties.

• Also branching out into new businesses – Daimler's Car2go offers one-way rentals of two-seat Smart models by the minute. BMW set up a $100 million venture fund in 2011 to invest in transportation-related services.

 

Demystifying Global Fleet Management at NAFA’s 3rd Annual International Fleet Academy

For more and more corporate fleet managers, work no longer ends at the border.  As companies expand globally, many find themselves not only being asked to develop and implement fleet policies for their own region, but for their company’s entire operation.  These fleet professionals face cultural differences, language barriers, and resistance to change from long-standing […]

 

Smith Electric Vehicles Marks Milestone for EV Trucks

Kansas City-based Smith Electric Vehicles has been talking about its production of more than 700 all-electric Edison and Newton trucks, which it says have together generated more than five million miles on the road. The milestone marks a transition into commercial manufacturing, the company said. Battery trucks are gaining ground as fleet managers realize that […]

 

Fleet Working with Penske and Roush CleanTech on Propane-Powered Trucks

Alpha Baking, based in Chicago, is introducing 22 propane autogas trucks in its headquarters area to reduce emissions while also continuing to meet its operational performance needs and factory warranty without a decrease in engine horsepower or torque. The company has picked Penske Truck Leasing for maintenance of 2013 Roush CleanTech propane autogas powered Ford […]