Perhaps as some dealers hesitate to bid when prices climb before the hammer falls, compact cars continue to keep ringmen busy when those units roll over the block.

The latest Black Book Market Insights report showed prices for compact cars have climbed by 3 percent during the past six weeks. And Black Book executive vice president of operations Anil Goyal pinpointed a reason why.

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As you prepare to order your fleet vehicles, it’s a good time to review actions your drivers can take to help increase the resale value of your vehicles. To increase the likelihood of receiving the highest return, here are some suggested tips.

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The average price of two- to seven-year-old vehicles depreciated less sharply than expected in February due to “a spirited start to the spring selling season” that has boosted prices for used passenger cars, according to Black Book.

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Vehicles over 100,000 aren’t depreciating at the same as they used to due mostly to a tight supply of late-model used vehicles, according to Edmunds Q3 Used Vehicle Market Report.

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In my past life as a vehicle appraiser and inspector for a major used car retailer, I think that I came close to appraising every make and model available. During that time, I also appraised and inspected cars that were maintained in every way imaginable. People would bring in cars that were scratched and/or dented, smelly, and just not taken care of – and they always expected top dollar for it! 

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