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April 18, 2018 - Industry News

J.D. Power: Used Truck Prices Drop in February

International ProStar tractors are "edging" closer to average used truck prices, a report by J.D. Power & Associates has found. Photo: Jack Roberts

According to J.D. Power and Associates, higher volumes of both heavy- and medium-duty used trucks caused prices to fall off "substantially" in February.

Tags: Medium-Duty Trucks, Heavy-Duty Trucks, Used Trucks, Used Truck Sales

April 3, 2018 - Industry News

Full-Size Vans Holding Resale Value

Photo of Chevrolet Express van courtesy of GM.

Three-year-old full-size vans retained the most value among trucks, vans, and SUVs in the wholesale used vehicle market, according to Tom Kontos, KAR Auction Services' chief economist.

Tags: ADESA, Wholesale Values, KAR Auction Services, Tom Kontos

March 20, 2018 - Industry News

Used Truck Prices Holding Steady

The average sleeper tractor sold at auction in February 2018, J.D. Power found, was 74 months old with 458,697 miles. Photo: Jordon Truck Sales

Used truck prices are holding steady, with supply still dictating pricing. That’s the word from J.D. Power’s Commercial Truck Guidelines for March, which notes that February is the first month in any new year with a high enough volume of used truck auctions to allow analysts to identify market trends.

Tags: Used Trucks, Used Truck Sales, Used Vehicle Values, J.D. Power

February 22, 2018 - Press Release

GammaTech Changes Name to Durabook Americas

The new name reflects the company’s longstanding focus on the Durabook brand as well as changing market conditions that emphasize the need for reliable, purpose-built, mobile computing solutions.

Tags: GammaTech, DuraBook

January 3, 2018 - Industry News

Pickups Perform Well in Resale Market

Courtesy of Black Book

While the end of 2017 brought a record decline in weekly depreciation for cars, volume-weighted, overall truck segment (including pickups, SUVs, and vans) values declined by 0.54% the last week of 2017, according to Black Book. This is in line with the average weekly adjustment of 0.57% over the previous four weeks.

Tags: Depreciation, Black Book, Medium-Duty Trucks, Heavy-Duty Trucks, Used Trucks, Truck Values

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

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, 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 Auctions, 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, Kelley Blue Book, Used Vehicles, New Vehicle Sales

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

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