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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

June 15, 2016 - Industry News

Trucks Keep Yearly Wholesale Values Up

Compact pickups like the Chevrolet Colorado increased 14.6% in wholesale value compared to last May. Photo courtesy of GM.

In May, average wholesale values fell relative to April, though they remain up on a year-over-year basis largely because of the price strength of trucks, according to ADESA.

Tags: ADESA, Used Truck Sales, Used Vehicle Sales

June 6, 2016 - Industry News

Used Vehicle Depreciation Dips in May

Photo of 2011 Ford Transit Connect via Wikimedia.

Used vehicle values from the 2010 to 2014 model years fell 0.5% in May from April levels with cars showing a slightly higher depreciation rate than trucks, according to Black Book.

Tags: Depreciation, Black Book, Used Vehicle Sales

June 2, 2016 - Press Release

IronPlanet Sets Florida Heavy Equipment Auction

IronPlanet will offer more than 250 pieces of heavy equipment on June 8 at the Cat Auction Services' online public auction based in St. Augustine, Fla.

Tags: IronPlanet, Heavy Equipment, Auctions, Florida Auctions

May 19, 2016 - Industry News

Diesel Truck Residual Values Rise With Mileage

Photo of 2012 Ford F-250 SuperCrew via Wikimedia.

Diesel-powered pickup trucks sell for more than 30% of their gasoline counterparts after three years of fleet usage and return greater value with higher odometer readings, according to data from ADESA.

Tags: ADESA, Diesel Engines, Ford F-250, Gasoline Engines

May 19, 2016 - Industry News

Vincentric Names 2016 Fleet TCO Winners

Photo: Vincentric

Nissan, Ford, General Motors, and Toyota vehicles helped these car and truck makers lead Vincentric's 2016 Best Fleet Value in America awards that were announced today.

Tags: Toyota, Residual Values, Vincentric, Nissan, Ford, General Motors, Awards, 2016-MY

May 6, 2016 - Industry News

April Vehicle Depreciation Goes Negative

Photo of 2014 Taurus courtesy of Ford.

Rising used vehicle depreciation pulled average April values into the red in a month that's typically the last strong month of the spring season, according to Black Book.

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

April 26, 2016 - Industry News

Used Truck, Full-Size Van Prices Weaken

Nissan Titan, photo courtesy of Wikimedia.

Black Book has new data that shows truck segments may be feeling additional pricing pressure, resulting in many trucks not holding their values as well as in previous years.

Tags: Depreciation, Black Book, Full-Size Vans, Large Pickups, Compact SUVs

April 12, 2016 - Industry News

Vehicle Depreciation Accelerating in 2016

Photo of Chevrolet Express courtesy of GM.

Used vehicles depreciated an average of 3.6% in the first quarter compared to 0.6% in 2015 in a signal of sharper depreciation, but values improved in March over January and February levels, according to Black Book.

Tags: Depreciation, Black Book, Used Vehicle Sales, Full-Size Vans

March 11, 2016 - Industry News

Used Medium-Duty Truck Values Inch Lower

Used medium-duty trucks, such as the diesel N-Series, are experiencing overall resale declines. (PHOTO: Isuzu.)

Used medium-duty truck models (model-years 2005-2012) experienced a 1% resale value decline in February, and resale values for trucks model-year 2013-2014 dropped 0.9%.

Tags: Resale Value, Black Book, Medium-Duty Trucks, Depreciation

March 9, 2016 - Industry News

SUVs, Mid-Size Cars Lead February Residual Values

Photo via Wikimedia.

Full-size pickups led vehicle depreciation in February, while mid-size cars, full-size cars, and utility vehicles held their value best, according to Black Book.

Tags: Depreciation, Black Book, Mid-Size Sedans, Large Pickups

March 4, 2016 - Industry News

Used Class 3-8 Vehicle Values End 2015 Strong

Used commercial vehicle transactions of GVW 3-8 vehicles were just over 176,000 units during the last quarter of the 2015 calendar year, up 14.3 percent from the same time period in 2014 calendar year.

Tags: IHS Automotive, Market Analysis, Used Vehicle Sales

February 26, 2016 - Press Release

Carfax Expands Role in GM Pre-Owned Program

Koenig

Car shoppers now get a Carfax Vehicle History Report with every Chevrolet, Buick, and GMC Certified car, truck, and SUV at no-cost from the selling dealer.

Tags: Chevrolet, Carfax, Buick, General Motors, GMC, Certified Pre-Owned

February 12, 2016 - Industry News

Used Van Market Splits In Two

File photo of 2011 Ford Transit Connect

Residual values of full-size vans have remained strong while compact vans have weakened in the past year, creating a widening gap that has created two used van markets for fleet sellers.

Tags: Depreciation, Ford Transit Connect, Full-Size Vans, Compact Vans, Black Book

February 5, 2016 - Industry News

Large SUVs Soar, Compact Vans Sink at January Auctions

Photo via Wikimedia.

Used Full-Size SUVs depreciated the least, while compact vans and Subcompact Luxury CUVs fell hardest in the auction lanes during January, according to Black Book's monthly report.

Tags: Depreciation, Black Book, Compact Vans, Luxury SUVs, Large SUVs

February 1, 2016 - Industry News

Element Names Pair of Remarketing VPs

Cieslak

Element Financial Corporation has appointed Bill Cieslak and Paul Seger as vice presidents for its remarketing unit.

Tags: Element Fleet Management

January 28, 2016 - Press Release

IronPlanet Donates Auction Proceeds to Charity

GovPlanet, IronPlanet's online marketplace for used government surplus, is auctioning three High Mobility Multipurpose Wheeled Vehicles (HMMWVs), or Humvees, and donating the proceeds to the Fisher House Foundation.

Tags: Online Auctions, IronPlanet, GovPlanet

January 19, 2016 - Industry News

Used Vocational Trucks More Plentiful, Less Costly

Daycab and construction trucks behave differently than highway tractors in the used commercial truck market, say analysts at NADA Used Car Guide, a division of J.D. Power and Associates.

Tags: Used Trucks, Used Truck Sales, Used Vehicle Values, Vocational Trucks, J.D. Power, Class 7

January 13, 2016 - Industry News

Cars Depreciate 18.2% in 2015, Trucks Stay Hot

Photo via Wikimedia.

The wholesale used-vehicle market finished 2015 stronger than expected with an average 13.2% depreciation rate for used vehicles two to six years old and trucks retaining their value 9% better than passenger cars on average.

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

January 13, 2016 - Industry News

GM Adds Online Used-Vehicle Buying Program

Photo courtesy of GM.

GM announced the company is launching the Factory Pre-Owned Collection as another example of GM’s efforts to earn customers for life.

Tags: Used Vehicles, General Motors, Pre-Owned, Factory Pre-Owned Vehicles

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