Magazine for the car and truck fleet and leasing industry
Issue link: https://autofleet.epubxp.com/i/140727
❲ REMARKETING ❳ 120,000 110,000 AVERAGE MILEAGE – COMMERCIAL FLEET UNITS SOLD AT AUCTION MILEAGE 100,000 90,000 80,000 70,000 60,000 Full-size Pickups Mid-size Cars 50,000 2002 2003 ALL VEHICLES TOTAL CARS Compact Car Mid-Size Car Full-Size Car Luxury Car Sporty Car TOTAL TRUCKS Minivan Full-Size Van Mini SUV Mid-Size SUV Full-Size SUV Luxury SUV Compact Pickup Full-Size Pickup 2004 2005 2006 2007 AVERAGE PRICES ($/UNIT) 2012 2011 $9,923 $10,107 $9,071 $9,220 $7,241 $7,165 $8,152 $8,282 $7,754 $7,781 $12,583 $12,816 $9,831 $7,082 $9,567 $10,909 $7,042 $11,631 $19,150 $7,601 $11,421 $13,057 $13,034 $10,100 $7,320 $9,261 $10,953 $7,796 $11,746 $20,639 $7,752 $11,369 2008 2009 2010 2011 2012 '12 VS. '11 INCREASE/DECREASE AMOUNT % ($184) -1.8% ($149) -1.6% $76 1.1% ($130) -1.6% ($27) -0.4% ($520) ($218) ($269) ($239) $306 ($44) ($754) ($115) ($1,490) ($151) $53 -4.0% -1.7% -2.7% -3.3% 3.3% -0.4% -9.7% -1.0% -7.2% -2.0% 0.5% Both the average mileage for mid-size endof-service feet cars and full-size pickups remarketed at auction increased in 2012. Not unlike the national used-vehicle population, as vehicle quality and routine service intervals have increased, overall service life is extended accordingly. SOURCE: MANHEIM CONSULTING WHOLESALE USED-VEHICLE PRICE TRENDS Used-vehicle prices fell by 1.8 percent in 2012, and are expected to fall by another 3 percent in 2013. SOURCE: ADESA ANALYTICAL SERVICES Some numbers may not compute due to rounding. AVERAGE AUCTION PRICE $12,000 $11,000 AVERAGE AUCTION PRICE: MID-SIZE FLEET CARS $10,000 $9,000 The recent price increases for mid-size feet units are attributable to the fact that units have naturally fallen into the strongest segment of the wholesale market. Rising dealer demand for these vehicles has been driven by increased availability of subprime fnancing leading to the subsequent retail sale of these units. $8,000 $7,000 $6,000 $5,000 $4,000 48 SOURCE: MANHEIM CONSULTING Unadjusted Jan. Jan. 2002 2003 Mileage & Seasonally Adjusted Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 2004 2005 2006 2007 2008 2009 2010 2011 AUTOMOTIVE FLEET ❙ 2013 Jan. 2012