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.
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.
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.
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.
IronPlanet and CAT Auction Services announced the completion of the merger of the two companies working in the heavy equipment and truck auction industry.
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.
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.
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).
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.
ARI has announced the winners of the company's 2014 ARI Auction of the Year Award in each of its seven regions.
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.
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.
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.
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.
Penske Used Trucks has doubled its commercial truck dealership footprint in North America, introducing centers in Dallas; metro Atlanta; and Ontario, Canada.
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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