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TAG SEARCH RESULT: Used Vehicles

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June 30, 2017

New-Vehicle Sales Down 2.3% in First Half of 2017

New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.

February 27, 2017

Vehicle Depreciation to Reach 17.8% in 2017

The vehicle depreciation rate will reach 17.8% in 2017 on 17 million new-vehicle sales, slightly higher than the 17.3% mark recorded in 2016, according to latest forecast from Black Book and Fitch Ratings. Prior to the Great recession, annual depreciation trended between 16% and 18%.

January 13, 2016

GM Adds Online Used-Vehicle Buying Program

GM announced the company is launching the Factory Pre-Owned Collection as another example of GM’s efforts to earn customers for life.

October 12, 2015

September Depreciation Flat, Truck Segments Show Strength

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.

May 28, 2015

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.

February 27, 2015

March Auctions in Michigan, Massachusetts, Florida, and Illinois

Equipment and vehicles from utilities and related companies will be auctioned in Michigan, Massachusetts, Florida, and Illinois in the month of March. The auctions will be held Mar. 14, 21 and 28.

September 16, 2013

J.J. Kane Holding Large Public Auction Sept. 21 in Indiana

Gary, IN – Auction items are being sold from area companies and utility services, such as Asplundh Tree Expert Co., ComEd, Northern Indiana Public Service Company and other consignors.

September 13, 2011

Resale Values Forecast to Decline 10-15% by 2014 as Used-Vehicle Supply Increases

Today’s high resale values are an anomaly caused by the shortage of used vehicles in the wholesale market due to the extremely low sales of new vehicles during the 2008-2011 timeframe. Nowadays, everyone is a hero when it comes to getting top dollar for their out-of-service fleet vehicles. However, these artificially high prices will ultimately decline as used-vehicle supply increases.

April 18, 2011

The Ongoing Used-Vehicle Shortage Favors a Short-Cycling Replacement Strategy

Nearly all fleet-related costs, both fixed and operating, are influenced by when a vehicle is replaced. Today’s exceptionally strong wholesale market caused by the shortage of used vehicles offers commercial fleet managers an “out-of-the box opportunity” to short cycle vehicles. A shorter 24-month replacement cycle will maximize resale values, reduce operating costs and downtime, increase negotiating leverage with OEMs, and improve driver morale,

March 20, 2009

Resale Values Up, But Market Remains Fragile

Wholesale used-vehicle prices during fourth quarter 2008 were the worst on record. Since then, wholesale prices rose significantly in January through March. The improvement in pricing in 1Q 2009 reflects better-than-expected retail sales of used vehicles. Resale values for mid-size sedans are substantially higher than in 2008, as are prices for light-duty trucks and SUVs. However, consumer confidence and credit availability remain two wildcards to the market's ongoing vitality.

January 28, 2009

Truck Web Services Offers <b>Black Book</b> Feature to Dealers

NORFOLK, VA – Truck Web Services, an Internet solutions provider for the commercial truck industry, and a division of Dominion Enterprises, has announced it has incorporated Black Book’s vehicle valuations as an add-on feature to its Internet solution.

January 13, 2009

How Long Will the Slump in Used-Vehicle Values Last?

We are currently in the midst of the worst used-vehicle market in the past 25 years. Year-over-year prices declined every month in 2008; however, wholesale prices did improve the first 10 days of January. Despite this, many fleets now find that the depreciation rates established 24-36 months ago are insufficient for today's resale market. In many cases, resale values of fleet vehicles are significantly below the remaining book value. Here's a forecast for what lies ahead in the wholesale market.

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