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January 8, 2016 - Press Release

LINE-X Holds Auction for Veteran Charity

LINE-X showed its continued commitment to U.S. veterans by donating $50,000 to UCLA Operation Mend

Tags: LINE-X, Veterans, Chevrolet Camaro, Auctions, Fundraiser

December 16, 2015 - Industry News

Subaru Earns Best Resale Brand Award

Photo of 2016 Subaru Forester by Vince Taroc.

Subaru, Lexus, General Motors, and Tesla earned top honors or recognition for 2016 models in Kelley Blue Book's annual forecast of the vehicles with the best retained value after a five-year ownership period.

Tags: Residual Values, Kelley Blue Book, Awards

December 11, 2015 - Industry News

Classes 3, 8 Leading Strong Used Truck Market

Photo of 2015 F-450 courtesy of Ford.

Heavy and certain light and medium trucks make up the largest share of transactions for first three quarters of 2015, says IHS Automotive.

Tags: Class 8, Medium-Duty Trucks, Used Trucks, IHS Automotive, Class 3, Used Truck Sales

December 10, 2015 - Industry News

Heavier Depreciation Pushes Values Lower in November

Photo of 2010-MY Dodge Dakota via IIHS.

Used vehicles depreciated 2.8% in November during a month that typically sees higher depreciation as vehicles lose greater value toward the end of the year, reports Black Book.

Tags: Depreciation, Black Book, Mid-Size Pickups, Compact Vans

November 16, 2015 - Industry News

Full-Size Vans Bolster October Depreciation

Photo of 2013 Chevrolet Express courtesy of GM.

Full-size cargo and passenger vans logged the least amount of depreciation in October and with pickups bolstered the used vehicle market, which saw a sharp increase from September, according to Black Book.

Tags: Depreciation, Cargo Vans, Black Book, Full-Size Vans, Compact Vans

October 12, 2015 - Industry News

September Depreciation Flat, Truck Segments Show Strength

Photo of 2014 Ram 1500 courtesy of FCA US.

Used vehicles sold at auction declined 1.5% in value in September — a depreciation pace relatively unchanged from August — in a month that saw relative strength in some truck segments and compact cars continue their slide, according to Black Book.

Tags: Depreciation, Black Book, Large SUVs, Compact Cars, Auctions, Used Vehicles

October 6, 2015 - Product News

Peterbilt Offers Certified Pre-Owned Trucks

Peterbilt’s Red Oval program offers a certified pre-owned trucks from throughout its dealer network and Paccar Financial Used truck Centers.

Tags: Peterbilt, Used Trucks, Paccar Financial, Certified Pre-Owned

September 28, 2015 - Industry News

October Auctions in Kentucky, Texas, Illinois, and Massachusetts

More than 950 pieces of utility and construction equipment and vehicles will be sold off at JJ Kane Auctions in Louisville, Dallas, South Beloit, and Worcester in the month of October. The auctions will be held Oct. 1, 15, 24, and 31.

Tags: JJ Kane

September 25, 2015 - Industry News

Trucks See Highest Depreciation in Year

Model-Years: 2007-2013, Volume Weighted Wholesale Average Values, Weekly Change from 9/11/15 to 9/18/15 (SOURCE: Black Book)

The average depreciation change last week for trucks fell 0.46 percent, the largest drop for trucks in nearly a year, indicating that the fall price declines might finally be in full gear.

Tags: Depreciation, Black Book, Used Truck Sales

September 18, 2015 - Press Release

IronPlanet Holds End-of-Quarter Auctions

IronPlanet, an online marketplace for buying and selling used heavy equipment and trucks, will hold its end-of-quarter auctions across its online marketplaces from September 22-25, 2015.

Tags: Equipment Auction, Auctions, IronPlanet, Truck Auction

September 10, 2015 - Industry News

Mid-Size SUVs Lead August Depreciation

Photo of Chevrolet Traverse courtesy of GM.

Mid-size SUVs from the 2010 to 2014 model years recorded the highest depreciation in August, slipping 3 percent from July to $18,650, while compact pickups increased in value during the month, according to Black Book.

Tags: Depreciation, Black Book, Mid-Size SUVs

August 31, 2015 - Industry News

September Auction in Cincinnati

More than 1,650 pieces of equipment and vehicles will be sold off at JJ Kane auctions in Cincinnati in the month of September. The auction will be held Sept. 24.

Tags: Auctions, JJ Kane

August 18, 2015 - Industry News

Toyota Sets 2016 Tacoma Pricing

Photo of 2016 Tacoma SR5 Access Cab courtesy of Toyota.

The third-generation 2016 Toyota Tacoma base model SR will carry a retail price of $24,200 when it arrives at dealer lots in the middle of September for about a $3,000 increase over the outgoing model.

Tags: Toyota, Toyota Tacoma, 2016-MY, Mid-Size Pickups

August 12, 2015 - Industry News

Trucks, SUVs Top July Retention Value

Photo of 2014 Expedition courtesy of Ford.

Trucks and SUVs logged the strongest resale value during July in a month that saw lighter depreciation of 1.3 percent for 2010-2014 model year vehicles, according to Black Book.

Tags: Black Book, Depreciation, Used Vehicle Sales

August 12, 2015 - Press Release

AFC Hires Director of Business Development

WALTZ

In his new role, Waltz will assist AFC in building upon inventory financing opportunities in specialty segments such as RV, powersports, rental, and commercial truck.

Tags: Automotive Finance Corporation, New Hire

August 5, 2015 - Industry News

Element Names Commercial Truck Center Manager

Cohen

Element Fleet Management has appointed Art Cohen as manager of its Commercial Truck Center (CTC), located in Virginia Beach, Va.

Tags: Element Fleet Management, Truck Dealers, Used Truck Sales

June 22, 2015 - Industry News

Large Fleets Driving Strong Used Class 3-8 Sales

Photo of 2011 Ram 3500 via Wikimedia.

Overall, used GVW 3-8 transactions from March 1, 2014 to March 31, 2015 accounted for 51.7 percent of total GVW 3-8 transactions in the U.S. market.

Tags: Medium-Duty Trucks, Class 3, IHS Automotive, Used Trucks

June 18, 2015 - Industry News

Edmunds.com Names 2015 Best Retained Value Winners

Toyota vehicles were named as the Best Retained Value among automotive brands in 2015 in the non-luxury category, Edmunds.com has announced.

Tags: Toyota, Residual Values, Acura, Awards, Edmunds

June 11, 2015 - Industry News

Compact Pickups Bolster May Depreciation

Photo of 2012-2015 Tacoma courtesy of Toyota.

The average price of a used vehicle from the 2009 to 2013 model years fell 1.2 percent in May with several truck and van segments registering positive gains from April, according to Black Book.

Tags: Depreciation, Black Book, Trends, Pickup Trucks, Full-Size Vans

June 3, 2015 - Industry News

Ford Donates Transit Vans to Red Cross Fleet

Photo of American Red Cross Transit courtesy of Ford.

Ford Motor Company Fund has donated five Ford Transit vans to the American Red Cross to add to the company's fleet of more than 3,000 vans that support disaster relief.

Tags: Ford Transit, American Red Cross, Emergency Response Vehicles, Disaster Relief, Non-Profit Fleets

May 28, 2015 - Industry News

J.D. Power to Acquire NADA's Used Car Guide

J.D. Power and the National Automobile Dealer Association (NADA) have announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business. The transaction is expected to close early in the third quarter of 2015.

Tags: J.D. Power, NADA, Used Vehicles

May 7, 2015 - Industry News

Compact SUVs Bolster April Depreciation

Photo of 2015 Jeep Wrangler courtesy of FCA US.

Compact SUVs held the strongest retention value in April, increasing 2.8 percent in a month that saw overall depreciation largely unchanged from March levels, according to Black Book.

Tags: Depreciation, Black Book, Compact SUVs

April 30, 2015 - Industry News

Vincentric Analyzes 2015 F-150 TCO

Photo of 2015 F-150 XL courtesy of Ford.

The jury is still out on total cost of ownership (TCO) for the 2015 F-150; however, fleet owners should not expect a high cost-to-own increase from the 2014 to 2015 F-150 models, according to Vincentric.

Tags: Ford F-150, Ford, 2015-MY, TCO, Vincentric

April 23, 2015 - Industry News

Manheim Expands Mobile Auction Network

The new mobile units feature a new portability set-up that allows dealers to remove the “auction in the box” unit from the vehicle and facilitate an auction anywhere there is demand. (PHOTO: Manheim)

Manheim has added two new trucks to its fast-growing mobile auction network. The company also outlined plans to roll out up to eight additional mobile units later this year, bringing the total number in service to as many as 24 by year’s end.

Tags: Manheim, Mobile Auctions

April 7, 2015 - Industry News

Vans Lead March Depreciation in Tax Buying Season

Photo of 2013 Freightliner Sprinter via Wikipedia.

Used vehicles in the 2009-2013 model years fell 0.7 percent in value in March in a market bolstered by tax buying season and strong residual values of full-size vans, according to Black Book.

Tags: Depreciation, Black Book, Full-Size Vans

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MRM stands for Mobile Resource Management. This concept refers to the body of knowledge related to managing mobile resources, including vehicles, devices, and personnel.

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