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AP Fleet Management expanded its commercial vehicle remarketing program with dedicated resale services and an online marketplace for used work trucks.
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Full-size pickups led vehicle depreciation in February, while mid-size cars, full-size cars, and utility vehicles held their value best, according to Black Book.
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Used commercial vehicle transactions of GVW 3-8 vehicles were just over 176,000 units during the last quarter of the 2015 calendar year, up 14.3 percent from the same time period in 2014 calendar year.
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Car shoppers now get a Carfax Vehicle History Report with every Chevrolet, Buick, and GMC Certified car, truck, and SUV at no-cost from the selling dealer.
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Residual values of full-size vans have remained strong while compact vans have weakened in the past year, creating a widening gap that has created two used van markets for fleet sellers.
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Used Full-Size SUVs depreciated the least, while compact vans and Subcompact Luxury CUVs fell hardest in the auction lanes during January, according to Black Book's monthly report.
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Element Financial Corporation has appointed Bill Cieslak and Paul Seger as vice presidents for its remarketing unit.
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The wholesale used-vehicle market finished 2015 stronger than expected with an average 13.2% depreciation rate for used vehicles two to six years old and trucks retaining their value 9% better than passenger cars on average.
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GM announced the company is launching the Factory Pre-Owned Collection as another example of GM’s efforts to earn customers for life.
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LINE-X showed its continued commitment to U.S. veterans by donating $50,000 to UCLA Operation Mend
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Subaru, Lexus, General Motors, and Tesla earned top honors or recognition for 2016 models in Kelley Blue Book's annual forecast of the vehicles with the best retained value after a five-year ownership period.
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