The report covers areas including the fourth consecutive increase in commercial and government fleet vehicle purchases and the expectation that view vehicle sales into fleets will level off near 900,000 by 2015.

For the lease sector, the report also covers new lease originations, which were up to 3.2 million, the highest level since 2000, and looks at how increasing off-lease volumes in the years ahead will pose challenges for remarketers and opportunities for dealers.

The 42-page report, co-written by Manheim consulting director Scott Hatmaker, also examines data and trends in all sectors of the used car marketplace, including chapters on dealers, rental, repossessions, international wholesaling and salvage auctions.

Looking ahead, Mr Webb said 2014 will reveal ‘the next evolution of the wholesale marketplace,’ as declining margins, increasing wholesale volumes and rising market pressures will require new tools and strategies. For auction participants, this means the ongoing adoption of technologies that allow them to buy and sell vehicles through online platforms that provide simultaneous, multi-platform buying and selling opportunities.’

The report is available in PDF format by visiting the Used Car Market Report tab within the Manheim Consulting site, located at www.manheim.com/consulting.