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April 6, 2015 - Industry News

IronPlanet Merges with CAT Auction Services

Photo courtesy of IronPlanet.

IronPlanet and CAT Auction Services announced the completion of the merger of the two companies working in the heavy equipment and truck auction industry.

Tags: Caterpillar, Mergers & Acquisitions, IronPlanet, CAT Auction Services

March 29, 2015 - Industry News

April Auctions in Georgia, Pennsylvania & Missouri

More than 1,800 pieces of equipment and vehicles from utilities and related companies will be auctioned in Georgia, Pennsylvania, and Missouri in the month of April. The auctions will be held April 16, 18, and 23.

Tags: Auctions, JJ Kane

March 26, 2015 - Industry News

Vincentric Names Best Vehicle Values for 2015-MY

The Toyota Camry Hybrid wins a Vincentric Best Value in America award for the fifth year in a row. Photo courtesy of Vincentric.

Vincentric named the top 21 vehicles in its annual “Best Value in America” Awards for the 2015 model year based on total cost of ownership for the consumer market.

Tags: Toyota, Chevrolet, Vincentric, Lexus, 2015-MY, TCO

March 25, 2015 - Press Release

IronPlanet Hires Chief Marketing Officer

IronPlanet, an online marketplace for buying and selling used heavy equipment and trucks, announced Susan Stillings as the company’s new chief marketing officer (CMO).

Tags: IronPlanet, C-Suite

March 23, 2015 - Industry News

IronPlanet to Sell More than 2,500 Items

IronPlanet, an online marketplace for buying and selling used heavy equipment and trucks, will hold auctions on IronPlanet and across all of its marketplaces March 25-27, as well as hold a joint live unreserved public auction with Cat Auction Services March 25.

Tags: Equipment Auction, Auctions, IronPlanet

March 18, 2015 - Press Release

ARI Announces Auction of the Year Winners

ARI has announced the winners of the company's 2014 ARI Auction of the Year Award in each of its seven regions.

Tags: ARI, Fleet Management Companies, Awards, Auctions

March 13, 2015 - Industry News

Global Online Auction Set to Remarket Trucks, Tractors, Trailers

Heritage Global Partners , an asset advisory and auction services and a subsidiary of Heritage Global Inc., is managing an upcoming global online auction of a fleet of 115 trucks, tractors, and trailers later this month.

Tags: Trailers, Global, Auctions, Tractors, Straight Trucks

March 9, 2015 - Industry News

Cold Weather Strengthening Used SUV Sales

Photo of 2013 Chevrolet Tahoe courtesy of GM.

The average price of a used vehicle fell 1.2 percent in February as colder weather brought strength to SUV segments for the month, according to Black Book.

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

March 6, 2015 - Industry News

IronPlanet, Cat Joint Auction Sells $48.1 Million

The auction showcased equipment from 131 sellers, which included 25 Cat dealers. More than 21,000 people attended the auction, onsite or online, from 132 countries.

Tags: IronPlanet, Heavy Equipment, Caterpillar, Auctions

March 3, 2015 - Industry News

Classes 3-4 Propelling Used Medium-Duty Sales

Sales of used trucks in Class 3 and Class 4 provided a strong push in 2014 that made these classes the leaders in volume and growth among Class 3-7 vehicles, according to IHS Automotive.

Tags: Class 4, Class 3, Used Truck Sales, IHS Automotive

February 17, 2015 - Industry News

Penske Adds Three Used-Truck Dealerships

Penske Used Trucks has doubled its commercial truck dealership footprint in North America, introducing centers in Dallas; metro Atlanta; and Ontario, Canada.

Tags: Used Truck Sales, Truck Dealers, Penske, Dealers

February 11, 2015 - Industry News

Domestic Cars Outperform Trucks in January Depreciation

Photo of 2013 Chevrolet Tahoe courtesy of GM.

Full-size cars finished January with the strongest retention value in a month that saw used vehicles depreciate 1.2 percent, according to Black Book's monthly report.

Tags: Depreciation, Black Book, Minivans, Passenger Cars

February 4, 2015 - Industry News

Vehicle Depreciation to Accelerate in 2015

Photo via Wikipedia.

Last year the depreciation rate on used vehicles reached 12.1 percent, which was lower than the initial forecast. For 2015, depreciation levels are expected to hit 14.5 percent, according to a new report from Black Book and Fitch Ratings.

Tags: Depreciation, Black Book, Fitch Ratings, Forecast

January 12, 2015 - Press Release

FLD Launches OnceOVR Pro Remarketing App

FLD, Inc. has launched the OnceOVR Pro mobile app, an extension of OnceOVR that was released earlier this year on iTunes, Google Play and Amazon for download at no charge.

Tags: FLD, Mobile Apps, Medium-Duty Trucks

January 8, 2015 - Industry News

Used Vehicles Depreciate 12.1 Percent in 2014

Photo of 2013 F-150 Limited courtesy of Ford.

Used vehicles fell 12.1 percent in value during 2014, which represented a slight improvement from 2013, which saw a 12.8 percent depreciation, according to Black Book.

Tags: Depreciation, Black Book, Trends, Full-Size Vans, Mid-Size Sedans

January 5, 2015 - Industry News

January Auctions in Texas and Pennsylvania

Utilities in Texas or Pennsylvania looking to expand or replace their existing fleets will have two opportunities in the month of January. The auctions will be held Jan. 29 and 31.

Tags: Auctions, Heavy Equipment, Used Equipment

December 19, 2014 - Industry News

Texas Plumber's Truck Reaches Syrian Front Lines

A Texas plumber's Ford F-250 has found a second life as a vehicle used on the front lines of the Syrian Civil War.

Tags: Ford F-250, Auctions, Syria, Small Fleets

December 16, 2014 - Industry News

Chrysler Group Changes Name to FCA US

Photo via Wikimedia.

The Chrysler Group has changed its official name change to FCA US, the company announced on Dec. 16.

Tags: FCA

December 4, 2014 - Industry News

November Used Vehicle Depreciation Reaches 1.9 Percent

Photo of 2013 Corolla courtesy of Toyota.

The average price of a used vehicle fell 1.9 percent in November from the prior month led by steeper-than-expected declines by full-size pickups, according to Black Book.

Tags: Depreciation, Black Book, Large Pickups, Compact Cars

November 26, 2014 - Industry News

Full-Size Vans Only Vehicles With Rising Residual Values

Photo of 2011 E-150 cargo van courtesy of Ford.

The vehicles should finish the year as the only category that will increase in residual value, while the broader market should depreciate more than 12 percent.

Tags: Full-Size Vans, Depreciation, Black Book

November 17, 2014 - Industry News

ALG Names Residual Value Awards for Trucks

The Toyota Tundra won it's fourth consecutive ALG Residual Value award. (PHOTO: Toyota)

In 2015, the Toyota Tacoma pickup truck wins a 14th straight residual value award with the Toyota Tundra winning its fourth consecutive award. Additionally, the Chevrolet Tahoe and Ford Transit Connect were among the eight vehicles that earned RVAs for the first time.

Tags: ALG, Residual Value Awards

November 11, 2014 - Industry News

Depreciation Reaches Yearly High in October

Photo of 2013 Chevrolet Express 2500 cargo van courtesy of General Motors.

Domestic cars lost the most in value at 3.2 percent among vehicles from the 2009-2013 model-years, while domestic trucks lost 2.1 percent. Compact pickups and full-size passenger vans and full-size cargo vans showed the most strength.

Tags: Depreciation, Black Book, Trends, Full-Size Vans, Compact Cars

November 10, 2014 - Industry News

November Heavy Equipment Auctions in Three States

Fleets in North Carolina, Oregon, and New York looking to expand or replace their existing fleets of heavy equipment including utility vehicles have more than 1,500 items to choose from in the month of November.

Tags: Surplus Equipment, Auctions, J.J. Kane, Heavy Equipment

October 28, 2014 - Industry News

Detroit Auctions Vehicles to Decrease Debt

Photo courtesy of Hilco Industrial.

The City of Detroit is selling off more than 450 surplus vehicles through a two day auction in November.

Tags: City of Detroit, Hilco Industries, Auctions

October 8, 2014 - Industry News

Used-Vehicle Depreciation Peaks in September

Photo of 2013 Chevrolet Traverse courtesy of GM.

Used vehicles sold at auctions logged their highest depreciation this year in September, as 2009-2013 car and truck models fell 1.7 percent in value.

Tags: Depreciation, Black Book, Used Vehicle Values, Full-Size Vans, Mid-Size Sedans

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