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Resale Value

Mich. City to Lease New Golf Carts

The City of Marysville, Mich., is leasing 60 new golf carts rather than 3-year-old carts because of the high residual values of used carts.

Depreciation Up in Most Vehicle Segments

According to industry analysts, most vehicle segments increased in vehicle depreciation in 2009 due to such factors as extended replacement cycling, shifts in the wholesale vehicle market, and higher capitalized vehicle costs.

Top 6 Fleet Trends in the Medium-Duty Truck Market

Medium-duty truck sales have declined sharply, as have resale values, due to the recession and the slowdown in new construction. Many fleets are extending service lives, which threatens to increase future maintenance costs.

Hybrid Resale Values Decline More than 25%

LOS ANGELES – Overall hybrid sales have dropped significantly as a result of the nationwide decline in gasoline prices, with used-hybrid values falling over 25 percent since last summer.

Economic Slowdown Causes Fleet Resale Values to Decline

Most fleet vehicles are purchased by subprime buyers; however, these buyers are now finding it increasingly difficult to qualify for used-vehicle loans. The slowdown in the construction market is dampening demand for used pickups, and full-size work vans.