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March 23, 2017 - Industry News

Wholesale Pricing and Volume Down for Medium-Duty Trucks at Start of Year

Medium-duty trucks at auction have had a shaky start to 2017, with both volume and pricing down compared to the same time last year, according to NADA Used Car Guide’s March 2017 Commercial Truck Guide Industry Update. However, with a boost in demand expected in the latter half of the year, medium-duty trucks should finish off this year in better shape than in 2016.

Tags: Remarketing, Medium-Duty Trucks, Wholesale Prices, Used Truck Sales

March 14, 2017 - Product News

FLD Adds Truck Inspection Template to Inspection App

Delray Beach, Fla.-based FLD, Inc. has added an inspection template for industrial lift trucks to its OnceOVR Pro mobile app for completing vehicle condition reports, the remarketing services provider has announced.

Tags: Inspections, FLD, Mobile Apps, Forklift

March 8, 2017 - Industry News

Small Pickups Showing Strongest Retained Value

Goyal

Small pickups performed the best in February, according to Black Book, increasing their value by 0.2%. Vehicles in the small pickups segment include the Toyota Tacoma, Chevrolet Colorado, Nissan Frontier, and Honda Ridgeline.

Tags: Depreciation, Black Book, Used Vehicle Sales, Mid-Size Pickups

February 27, 2017 - Industry News

Vehicle Depreciation to Reach 17.8% in 2017

Chart courtesy of Black Book.

The vehicle depreciation rate will reach 17.8% in 2017 on 17 million new-vehicle sales, slightly higher than the 17.3% mark recorded in 2016, according to latest forecast from Black Book and Fitch Ratings. Prior to the Great recession, annual depreciation trended between 16% and 18%.

Tags: Remarketing, Black Book, Used Vehicles, Fitch Ratings

February 23, 2017 - Industry News

IronPlanet Debuts Marketplace Direct Platform

Screenshot from Iron Planet Marketplace Direct website.

IronPlanet has debuted a new Marketplace Direct platform that offers advanced, self-listing functionality for larger-scale equipment sellers.

Tags: Remarketing, Online Auctions, IronPlanet, Cloud-Based Technology

February 10, 2017 - Industry News

Pickups Show Lowest January Depreciation

Photo of 2015 Chevrolet Colorado courtesy of GM.

Small and large pickups were among the top performing segments in January with a 1.1% depreciation rate among two- to six-year-old vehicles sold in auction lanes, according to Black Book.

Tags: Depreciation, Remarketing, Black Book, Used Vehicle Sales

February 8, 2017 - Industry News

Used Medium-Duty Truck Values Declining

Photo via Wikimedia Commons.

After the first month of the year, depreciation rates for medium-duty trucks are up and overall orders for the segment are down, according to Black Book’s Feb. 7 Market Insights Report.

Tags: Depreciation, Remarketing, Black Book, Medium-Duty Trucks, Used Trucks

February 1, 2017 - Industry News

Pickup Truck Auction Values Finish 2016 Strong

Auction values for one- to three-year-old vehicles fell a substantial 6.8%, or $1,146 per unit, in the fourth quarter of 2016.

Analysts at Kelley Blue Book reported that average values for one- to three-year-old pickup trucks have remained strong as a result of high demand at auction, despite fuel prices peaking in December 2016.

Tags: Kelley Blue Book, Pickup Trucks, Mid-Size Pickups, Auctions, Large Pickups

January 18, 2017 - Press Release

IronPlanet Announces Cat Auction in Houston

IronPlanet, an online marketplace for selling and buying used equipment and other durable assets, rolls in to the Houston area on Feb. 1 for its first major Cat Auction Services Unreserved Public Auction of the of the year.

Tags: Auction, Online Auctions, IronPlanet, Heavy Equipment, CAT Auction Services

January 9, 2017 - Industry News

Vehicle Logistics Firms MetroGistics, AmeriFleet to Merge

The merger will consolidate the fleet-related services of both companies with the goal of targeting new markets and service lines.

Tags: Amerifleet, MetroGistics, Mergers & Acquisitions, Vehicle Logistics

January 5, 2017 - Industry News

Used Vehicle Values Stabilize in December

Photo via Wikipedia.

Depreciation trends stabilized to close out 2016, with depreciation rates for all cars and trucks falling into seasonal patterns.

Tags: Depreciation, Black Book

December 12, 2016 - Press Release

Navistar Opens Reconditioning Center in Melrose Park

Navistar held the Grand Opening of its Used Truck Reconditioning Center (Reconditioning Center) in Melrose Park, Ill.

Tags: Navistar, Reconditioning, Used Trucks, Reconditiong Center

December 9, 2016 - Industry News

Used Vehicle Values Weakened in November

Photo of 2012 Ram 1500 courtesy of FCA.

Five model years of used vehicles depreciated 2.3% in November, which showed a slight improvement from October and remained in line with the typical weakening of values at this time of year, according to Black Book data.

Tags: Black Book, Large Pickups, Depreciation

November 17, 2016 - Industry News

IronPlanet's Truck Locator Enables Multiple Purchases

IronPlanet has launched Fleet Services featuring IronPlanet Truck Locator that provides access to more than $200 million in Class 8 and other trucks to meet the needs of multi-unit and fleet buyers, according to IronPlanet.

Tags: Fleet Services, IronPlanet

November 4, 2016 - Industry News

Depreciation Bites Harder in October, Black Book Says

Photo of 2015-MY Chevrolet Colorado courtesy of GM.

Depreciation for 1- to 5-year-old vehicles saw a significant increase to 2.9% for October from the 2.3% September rate with passenger cars seeing greater weakness, according to Black Book.

Tags: Black Book, Depreciation, Wholesale Prices

October 27, 2016 - Industry News

GM's Duramax 6.6L Boosts Capability, Resale Value

Photo by Chris Wolski.

GM’s redesigned Duramax 6.6L turbo-diesel offers a number of advantages to fleets including increased horsepower and torque, and fleets are showing interest in the new engine, which will be available in the 2017 Chevrolet Silverado HD.

Tags: General Motors, Chevrolet SIlverado HD, Diesel Engines, Duramax

October 20, 2016 - Industry News

Used Pickup Sales Weakening

A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.

Tags: Depreciation, Black Book, Used Truck Sales, Large Pickups, Forecast

October 17, 2016 - Industry News

Used Truck Volumes Increase at Auctions

A summer lull in used auction volume ended this past September, according to findings in NADA Used Car Guide's recent Commercial Truck Guidelines report.

Tags: NADA, Auctions, Used Truck Sales

September 13, 2016 - Press Release

World Data Corp. Introduces Vehicle Data Delivery Tool

World Data Corp. has introduced its DATASYNC Application Programming Interface (API) data delivery system. The new tool allows companies to integrate World Data information into new or existing applications so it can be seamlessly presented to users, according to the company.

Tags: Big Data, World Data Corp., Fleet Management Companies, Auctions

September 8, 2016 - Industry News

Car Depreciation Accelerates in August, Trucks Steady

Photo of 2012 Ram 1500 courtesy of FCA.

Rising car depreciation put a drag on used vehicle sales, which fell in value significantly more sharply in August compared to July and August from a year ago, according to Black Book.

Tags: Depreciation, Black Book

August 29, 2016 - Industry News

Ritchie Bros. Acquires IronPlanet

Vancouver-based Ritchie Bros. Auctioneers has acquired online auctioneer IronPlanet of Pleasanton, Calif., for $758.5 million, the company announced.

Tags: Ritchie Bros. Auctions, Mergers & Acquisitions, IronPlanet, Auctions, Heavy Equipment

August 25, 2016 - Industry News

Used Truck Sales Fall but Are Trending Upward Overall

Used Class 8 truck same-dealer sales volumes were down in July but still on an upward trend overall, according to an ACT Research report.

Tags: Class 8, ACT Research, Used Trucks, Used Truck Sales

August 9, 2016 - Industry News

Depreciation in Most Segments Improves in July

Photo of 2015 Transit courtesy of Ford.

Used vehicles from the 2011 to 2015 model years depreciated 1.5% in July, a slight improvement over June's 1.7% depreciation rate, reports Black Book.

Tags: Depreciation, Black Book, Full-Size Vans

July 13, 2016 - Press Release

IronPlanet Adds Instant Financing Options

IronPlanet announced that buyers on IronPlanet, TruckPlanet, and GovPlanet can take advantage of instant express financing on equipment purchases when they want to bid.

Tags: Vehicle Financing, IronPlanet, TruckPlanet, GovPlanet

July 11, 2016 - Industry News

Used Vehicles Depreciate 1.7% in June

Photo of 2015 Chevrolet Colorado courtesy of GM.

The average price of a used vehicle for model years 2011-2015 depreciated 1.7% in June, following light depreciation in May. These vehicles fell 15.4% in value from year-ago-levels, according to Black Book.

Tags: Depreciation, Pickup Trucks, Black Book, Vehicle Depreciation

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