A group of residual experts participating in a panel discussion at the Conference of Automotive Remarketing offered their insight into wholesale prices and residual values for 2007. They predicted the supply of used cars will increase fairly significantly. As manufacturers reduce their fleet volumes, the values of one- and two-year-old domestic cars are rising while hybrids are softer now than in the past.
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GM, Ford are cutting back on fleet sales, so wholesale prices of late-model vehicles are increasing