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November 14, 2017 - Industry News

High-Mileage Vehicle Depreciation Strengthens

Photo via Peter Stevens / Flickr

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.

Tags: Depreciation, Edmunds, Used Vehicle Values

November 13, 2017 - Industry News

Resilient Used Vehicles Keeping Depreciation at Bay

Photo of 2017-MY large pickups courtesy of manufacturers.

Used vehicles from one to five years old fell 1.4% in value in October in a steady used-vehicle market that showed significant improvement from a year ago with large pickups leading the way, reports Black Book.

Tags: Depreciation, Black Book, Used Vehicle Values, Prestige Luxury Cars, Sports Cars, Large Pickups

November 8, 2017 - Industry News

Manheim's Used Vehicle Values Rise 6 Straight Months

Courtesy of Manheim.

Wholesale used vehicle prices rose for the sixth month in a row in October, increasing by 1.02%, according to Manheim’s October Used Vehicle Value Index. This brought the index to 136.3, an 8.1% rise from a year ago.

Tags: Depreciation, Remarketing, Manheim, Used Vehicle Values, Trends

October 27, 2017 - Industry News

Used Heavy-Duty Truck Sales on the Rise

Used Class 8 truck same-dealer sales volumes rose by two dozen units in September, according to a report on the used commercial vehicle market from ACT Research.

Tags: Vehicle Sales, ACT Research, Used Trucks, Used Truck Sales

October 24, 2017 - Industry News

Chevrolet Highlights Six-Figure Vintage Trucks

1950 Chevrolet 3100 Custom Pickup, sold for $205,700 in 2017 (Image courtesy of General Motors)

As vintage Chevrolet trucks increase in popularity with enthusiasts, more trucks are going up for auction and sale prices for the most coveted trucks keep increasing.

Tags: Chevrolet, Barrett-Jackson, Auctions, Historical Vehicles, Custom Trucks

October 23, 2017 - Industry News

RES Auction Services Joins Proxibid

Image courtesy of Proxibid

The November 18 auction will feature tractors and agricultural implements, as well as construction equipment and related items. Everything you need for your next farm or construction project can found in this auction.

Tags: Remarketing, Auctions, Construction Fleets, Proxibid, RES Auction Services

October 13, 2017 - Industry News

Peterbilt's Gansle Named to Used Truck Association Board

Anthony Gansle, Peterbilt’s director of marketing and sales. Photo: Peterbilt

Peterbilt has announced that Anthony Gansle, director of marketing and sales, has been elected to the Used Truck Association's board of directors.

Tags: Peterbilt, Leadership, People, Used Trucks

October 12, 2017 - Industry News

Hurricane Replacement Still Boosting Used Vehicle Prices

The average price of used vehicles model years 2012-2016 fell 0.7% in September, with the lion’s share of that depreciation coming from the car segment, according to Black Book. As of September, all vehicles are averaging a 12-month depreciation of 14.5%.

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

September 20, 2017 - Industry News

Fleet Lease Consignor Prices Climb Higher

Screenshot of Tom Kontos via KAR Auction Services.

Fleet lease consignor prices moved higher in August, increasing 1.4% over July and 2.3% through the first eight months of the year compared with 2016, according to the Sept. 20 Kontos Kommentary.

Tags: Tom Kontos, KAR Auction Services, Used Vehicle Values, Remarketing

September 15, 2017 - Press Release

SelecTrucks Offers All-Star Promotion

Both owner-operators and fleet customers can see a significant benefit by selecting one of three attractive discounts when they purchase an eligible used truck from any SelecTrucks Center in America.

Tags: Used Trucks, SelecTrucks

September 5, 2017 - Industry News

Wholesale Medium-Duty Truck Values Continue to Fall

Photo via Wikimedia.

Depreciation among wholesale medium-duty trucks continued to rise through July and August, according to Black Book’s September Specialty Markets report.

Tags: Remarketing, Black Book, Medium-Duty Trucks, Used Vehicle Values

August 15, 2017 - Industry News

Used Truck Prices Hold Firm in July

According to J.D. Powers, the average sleeper tractor retailed last month was 74 months old, had 443,714 miles and sold for $47,728. Photo: Evan Lockridge

J.D. Powers analysts found prices for used trucks remain high as volume levels dropped, while retail prices continue to hold steady as well.

Tags: J.D. Power, Class 8, Used Vehicle Sales, Used Vehicle Values

August 8, 2017 - Industry News

Medium-Duty Truck Values Stumble This Summer

Courtesy of Wikimedia.

As the summer season continues, one trend is emerging for medium-duty trucks — declining auction prices, according to Black Book’s August Specialty Markets report.

Tags: Black Book, Medium-Duty Trucks, Remkarketing, Used Vehicle Values, Used Truck Sales

July 28, 2017 - Industry News

Black Book Analyzes Classic Truck Values

Image of 1957 Dodge D100 Sweptside Pickup truck courtesy of Mecum Auctions. The auction estimate for this truck is between $50,000-$75,000.

Black Book looked at some popular trucks over the years and analyzed their valuations at recent collectible auctions:

Tags: Pickup Trucks, Black Book, Auctions, Classic Car Auction, Automotive History

July 17, 2017 - Industry News

Small Pickups Show Low Depreciation, Value Gain

Goyle

Over the past three months, two segments have shown unchanged value or an increase in overall value: Full-Size Pickups are unchanged, and Small Pickups have gained +0.2% in value.

Tags: Depreciation, Pickup Trucks, Light-Duty Trucks, Truck Resale, Black Book

July 5, 2017 - Industry News

Truck Values Remain Stable

SOURCE: BLACK BOOK

Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.03% last week, better than the average decrease of 0.17% per week in the previous four weeks.

Tags: Pickup Trucks, Black Book, Medium-Duty Trucks, Heavy-Duty Trucks, Truck Resale

June 30, 2017 - Industry News

New-Vehicle Sales Down 2.3% in First Half of 2017

Photo via Creative Commons.

New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.

Tags: Remarketing, Used Vehicles, New Vehicle Sales, KBB

June 29, 2017 - Industry News

IARA 16th Annual Summer Roundtable Heading to Nashville

IARA will be hosting its 16th Annual Summer Roundtable in Nashville this year. The three-day event will be held at the Hilton Downtown Nashville on Aug. 16-18.

Tags: IARA, IARA Summer Roundtable, Remarketing Events

June 9, 2017 - Industry News

Used Vehicle Depreciation Accelerates in May

Photo of 2015 Ram ProMaster courtesy of FCA.

Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.

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

June 8, 2017 - Industry News

Truck Segment Remains Fairly Stable

Source: Black Book

When weighted for volume, the overall truck segment values (including pickups, SUVs, and vans) decreased by 0.08% last week, which is better than the average decrease of 0.21% per week in the previous four weeks.

Tags: Resale Value, Black Book, Truck Values, Used Vehicle Values

May 31, 2017 - Industry News

Trucks Continue to Show Slow Depreciation

SOURCE: BLACK BOOK USA

This week’s Black Book Market Insights report looks at the truck segments that are picking up less weekly depreciation compared with cars, signaling that summer is fast approaching.

Tags: Resale Value, Pickup Trucks, Black Book, Full-Size Trucks, Truck Values

May 26, 2017 - Industry News

Fleets Bear the Pain in Glut Market for Used Trucks

A classic glut has created a buyer's market for good quality, low-mileage Class 8 tractors. Photo: Ritchie Bros.

Industry experts say a glut of used trucks remains on the market and, in extreme cases, some fleets actually owe more for equipment than it is now worth on the secondary market.

Tags: Fleet Management, Used Vehicle Sales, Equipment Issues, Used Truck Sales

May 24, 2017 - Industry News

Medium-Duty Truck Resale Holding Up

Average wholesale selling prices for four to seven year old Class 4 and Class 6 trucks (Source: JD Power)

Generally, medium-duty segments are holding up well, with cabovers and lighter GVW conventional trucks performing the best.

Tags: J.D. Power, Medium-Duty Trucks, Truck Resale

May 22, 2017 - Industry News

International Opens Used Truck Center

International Truck announced the grand opening of the new flagship Used Truck Center in Melrose Park, Ill.

Tags: International Trucks, Used Truck Sales

May 5, 2017 - Industry News

Pickup Trucks See Wholesale Gains

Manheim Used Vehicle Value Index, April 2017

Overall wholesale used-vehicle prices (on a mix-, mileage-, and seasonally-adjusted basis) improved 0.5% month-over-month in April. On a year-over-year basis in April, only pickups saw gains greater than the overall market.

Tags: Manheim, Used Trucks

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