depreciation

Around this time in any dealership lot you should expect to find low prices on previous years models as they make room for new inventory. Up until Spring of 2020, vehicle production and sales were on track for us to see that. The pandemic changed and continues to impact the automotive industry. So what does this mean for vehicle sales and vehicle depreciation? We released the 2020 Vehicle Depreciation Report to answer those…

Report Reveals Pandemic’s Impact on New Vehicle Prices and Residual Values BOSTON, Mass., November 19, 2020 – Motus, the definitive leader in solutions for businesses with mobile-enabled workforces, today released its 2020 Vehicle Depreciation Trends Report, which identifies the trends influencing the automobile industry in light of the COVID-19 pandemic. The report found that the reduced vehicle inventory, coupled with increased consumer demand, has driven…

Offsetting the Effects of Car Depreciation with Motus When you purchase a vehicle, whether it be fresh off the lot or used from a dealership or online marketplace, this asset depreciates as soon as you start driving it on the road. Simply put, car depreciation can be defined as the declining value of an asset…

How Does Depreciation Impact Your Company’s Fleet Vehicles? In a recent study of over 4.1 million car sales, vehicle research site iSeeCars has recognized the 10 cars sure to depreciate the most in a three-year time span. Spoiler alert: it does not look good for owners of American and German made vehicles. The highest depreciator,…