Navistar Opens Reconditioning Center in Melrose Park
Navistar held the Grand Opening of its Used Truck Reconditioning Center (Reconditioning Center) in Melrose Park, Ill.
Navistar held the Grand Opening of its Used Truck Reconditioning Center (Reconditioning Center) in Melrose Park, Ill.
Five model years of used vehicles depreciated 2.3% in November, which showed a slight improvement from October and remained in line with the typical weakening of values at this time of year, according to Black Book data.
From the push to “go green” to new-vehicle launches to mergers and acquisitions, the past decade has been covered in full by the No. 1 vocational truck magazine.
IronPlanet has launched Fleet Services featuring IronPlanet Truck Locator that provides access to more than $200 million in Class 8 and other trucks to meet the needs of multi-unit and fleet buyers, according to IronPlanet.
Regardless of the vocational application, companies are in the business of “manufacturing” used vehicles. Today’s new truck is tomorrow’s used truck. How you spec a truck has a direct bearing on its future resale value.
Depreciation for 1- to 5-year-old vehicles saw a significant increase to 2.9% for October from the 2.3% September rate with passenger cars seeing greater weakness, according to Black Book.
GM’s redesigned Duramax 6.6L turbo-diesel offers a number of advantages to fleets including increased horsepower and torque, and fleets are showing interest in the new engine, which will be available in the 2017 Chevrolet Silverado HD.
A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
A summer lull in used auction volume ended this past September, according to findings in NADA Used Car Guide's recent Commercial Truck Guidelines report.
World Data Corp. has introduced its DATASYNC Application Programming Interface (API) data delivery system. The new tool allows companies to integrate World Data information into new or existing applications so it can be seamlessly presented to users, according to the company.
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.
Vancouver-based Ritchie Bros. Auctioneers has acquired online auctioneer IronPlanet of Pleasanton, Calif., for $758.5 million, the company announced.
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.
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.
When spec'ing a truck, it is critical to find the balance between building a truck to perform the intended job function and ensuring there will be a strong secondary buyer demand in the resale market at the end of its lifecycle.
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. As we look back at 100 years of Chevy truck history, here’s a gallery of the nine most expensive Chevrolet trucks sold at Barrett-Jackson auctions to date. Photos courtesy of General Motors.
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