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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

September 18, 2014 - Industry News

New Commercial Vans Offer Improved Residual Value

Ram ProMaster: Photo by Vince Taroc.

A lineup of new full-size commercial vans from Chrysler/Ram, Ford, and Mercedes-Benz will deliver significantly higher residual value that their counterparts from previous generations, according to ALG’s latest industry projection.

Tags: Residual Values, ALG, Ford Transit, Mercedes-Benz Sprinter, Ram ProMaster

September 9, 2014 - Industry News

Used Vehicle Depreciation Stabilizes in August

Photo of 2014 Chevrolet Express van courtesy of GM.

Overall depreciation for used vehicles from the past five model years improved slightly from July as the average value fell 1.3 percent in the month compared to 1.5 percent in July, according to Black Book's monthly report.

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

August 26, 2014 - Industry News

Truland Liquidation Brings Trucks, Vans to Online Auction

The liquidation of assets owned by bankrupt electrical contractor Truland Systems is under way, with vehicles in the first sale including vans, trucks, and bucket trucks.

Tags: Vans, Medium-Duty Trucks, Online Auctions, Bucket Trucks, Trailers. Auction

August 7, 2014 - Industry News

Mid-Size Cars, Large SUVs Lead Depreciation in July

Photo of 2013 Dodge Durango courtesy of Chrysler.

Used-vehicle depreciation slipped to 1.5 percent in July, as mid-size sedans led a sharper decline in value after a strong spring, reports Black Book.

Tags: Black Book, Depreciation, Mid-Size Sedans, Large SUVs, Used Vehicle Sales

July 28, 2014 - Industry News

Navistar Launches Diamond Renewed Used-Truck Program

Navistar, Inc. has launched its Diamond Renewed program, which puts International used trucks through a comprehensive inspection and mechanical reconditioning process.

Tags: LoneStar, International, Navistar, TranStar, ProStar, Diamond Renewed Program

July 14, 2014 - Industry News

Brasher's Announces Brasher's Backstage 2014

Back-to-back sales at Brasher’s Northwest Auto Auction on Wednesday, August 6 and at Brasher’s Portland Auto Auction on Thursday, August 7 will include a combined total of more than 2,000, trucks, SUVs, and RVs.

Tags: Brasher's Northwest, Brasher's Portland Auto Auction, Brasher's Auctions

June 26, 2014 - Industry News

AFC Expands Reach of Enhanced Commercial Truck Inventory Financing Program

AFC will advance 100 percent of a truck dealer’s auction purchases at more than 1,100 AFC-approved auctions and other inventory sources.

Tags: Automotive Finance Corporation, KAR Auction Services

June 25, 2014 - Industry News

ACT Research: May Used Truck Volumes were Down

According to a recently released study, used truck volumes for May were down, particularly in the larger Class segments.

Tags: ACT Research, Used Trucks, Class 3-8

June 5, 2014 - Industry News

Class 3-8 Truck Registrations Up 5 Percent

Combined new and used commercial vehicle (Class 3-8) registrations in the first quarter of the 2014 calendar year were 319,045 units, an increase of 5 percent over the same period in the 2013 calendar year

Tags: Medium-Duty Trucks, Used Truck Sales

May 16, 2014 - Industry News

Insurance Auto Auctions Launches Mobile App

iPhone screen capture of IAA's new mobile app.

Insurance Auto Auctions, Inc. (IAA) announced the launch of the CSAToday by IAA mobile app for Android featuring Market Value.

Tags: IAA, Mobile Apps

May 16, 2014 - Industry News

TruckPlanet's One-Year Anniversary of First Online Auction

TruckPlanet, an online marketplace for buying and selling used commercial trucks, celebrates the one-year anniversary of its first online auction.

Tags: Anniversaries, Online Auctions, TruckPlanet

May 14, 2014 - Industry News

Mitsubishi Fuso's Used-Truck Warranty Offers Three Coverage Intervals

Used FUSO work trucks now available with Diamond Mark Used Truck Warranty (PHOTO: MFTA)

Mitsubishi Fuso Truck of America, Inc. (MFTA) will make a used-truck warranty option available through its authorized dealers for any used FUSO work truck up to seven-years old with less than 300,000 miles on it at time of purchase.

Tags: Mitsubishi Fuso, Used Trucks, Warranty, Cabovers, Truck Warranty

May 8, 2014 - Industry News

Compact SUVs, Minivans Lead April Auction Surge

Photo of 2012 Dodge Grand Caravan courtesy of Fiat Chrysler.

Compact SUVs and cargo minivans paced a strong April for remarketers, as used vehicles from the 2008-2012 model years rose 0.9 percent in value in a month that's typically one of the strongest of the year for auctions.

Tags: Used Vehicle Sales, Depreciation, Subcompact Cars, Prestige Luxury Cars, Luxury SUVs, Minivans, Black Book

May 6, 2014 - Industry News

Ritchie Bros to Auction Construction Equipment in Texas

The auction features more than 160 truck tractors, 80 hydraulic excavators, 60 wheel loaders, 60 loader backhoes, 55 dump trucks, 55 skid steer loaders, 45 crawler tractors, 25 motor graders, and more.

Ritchie Bros. Auctioneers will conduct a two-day, unreserved public auction at its Fort Worth, Texas, permanent auction site May 14-15, 2014.

Tags: Ritchie Bros. Auctions, Construction Fleets

April 29, 2014 - Industry News

New Truck Orders Increase, Could Impact Medium-Duty Resale


Fleet managers are presented with unique challenges ensuring maximum resale for medium-duty trucks, and understanding the reasons for this as well as current market conditions can help increase overall residuals.

Tags: Black Book, Medium-Duty Trucks, Used Trucks

April 28, 2014 - Industry News

May: Used Heavy-Equipment Auctions in Texas and Indiana

Utilities and construction companies in Texas and Indiana will be auctioning off heavy-equipment, truck tractors, and vocational and utility trucks from companies such as ComEd and Asplundh Tree Expert Co.

Tags: Auctions, JJ Kane, Ritchie Bros. Auctions, Used Equipment, Heavy Equipment

April 11, 2014 - Industry News

Strong March Resale Values Kick Off Auction Buying Season

Photo of 2010 Transit Connect courtesy of Ford.

Used vehicles sold at auction lost a scant 0.3 percent of their value in March, a month known for strong retention as tax-refunded buyers come out in droves, according to Black Book.

Tags: Luxury SUVs, Prestige Luxury Cars, Subcompact Cars, Black Book, Cargo Vans, Depreciation, Used Vehicle Sales

April 7, 2014 - Industry News

GM, Ford Top Vincentric's Best Fleet Value Awards

Photo of GMC trucks on dealer lot courtesy of GM.

General Motors and Ford Motor Co. provided the most value to light-duty fleet vehicle purchasers, according to Vincentric's Best Fleet Value in America awards for 2014.

Tags: Vincentric, Best Fleet Value, Awards, Ford, General Motors, Toyota, Nissan, 2014-MY

March 25, 2014 - Industry News

Vincentric Names 'Best Value in America' Vehicles

Photo of 2014 Ram 3500 courtesy of Chrysler.

Toyota leads the way with eight awards, followed by Audi with five. Chevrolet and Honda each earned four. The awards cover the retail market.

Tags: Vincentric, Awards, Audi, Chevrolet, Honda, Toyota, 2014-MY

March 12, 2014 - Industry News

Vans Lead Feb. Depreciation Report

Photo of Dodge Sprinter 2500 (2008-09) via Wikimedia.

Full-size passenger vans lost the least value in the commercial vehicle resale market in February, a month that typically shows strong vehicle retention, according to Black Book.

Tags: Depreciation, GMC Savana, Full-Size Vans, Ford E-Series, Black Book, 2012-MY

February 27, 2014 - Industry News

PHH Arval Opens First Commercial Truck Center

Photo courtesy of PHH Arval.

PHH Arval has opened its first commercial truck center in the country in Virginia Beach to offer its off-lease truck inventory, the fleet management company announced Thursday.

Tags: PHH Arval, Used Truck Sales, Independent Contractors, Fleet Management Companies

February 27, 2014 - Industry News

Schneider Selling Used Fleet Trailers

Trailers offered by Schneider are 1999-2004 model-year 53-foot dry vans.

Schneider will add 5,700 trailers to its offering of used equipment for sale.

Tags: Schneider, Used Trucks

February 26, 2014 - Industry News

Penske Used Trucks Opens New Commercial Dealership

Penske Used Trucks announced it has opened a commercial truck dealership in Torrance, Calif., where it will sell used light-, medium-, and heavy-duty trucks, trailers, and related equipment.

Tags: Remarketing, Medium-Duty Trucks, Light-Duty Trucks, Heavy-Duty Trucks, Used Trucks

February 25, 2014 - Industry News

Detroit Outsources Refuse Collection

Photo via Advanced Disposal.

The City of Detroit has privatized waste management services as part of its bankruptcy recovery plan and is auctioning off its aging fleet of refuse trucks. Last week, the city awarded $122.6 million in contracts to two commercial haulers for the work.

Tags: City of Detroit, Refuse Fleets, Outsourcing

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