The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
Brian Garner, manager, ARI Remarketing Solutions; Jeff Krogen, assistant vice president of fleet strategy for Enterprise Fleet Management; and John Wuich, vice president strategic consulting services at Donlen provided their insight.
Garner said that he and his team expect the used market to continue to be mostly healthy in 2020, but he does predict a slight downturn compared to 2019.
“The usual spring market upturn we’ve been used to will also be flatter and not as pronounced. Full-size SUVs and crossovers will continue to slide due to the saturation in the market,” he said. “Large trucks, Class 7 and Class 8 will go in the gutter because there’s just a saturation of them and the market can’t keep up.”
One trend that will continue to gain prominence next year and in the following years is online remarketing.
Read the article at Merchants Fleet.
