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48% of field service leaders are investing in AI to manage customer communication and self-service. Get the latest on how fleets are using AI and thinking about the future.
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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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Used vehicles depreciated 2.8% in November during a month that typically sees higher depreciation as vehicles lose greater value toward the end of the year, reports Black Book.
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Full-size cargo and passenger vans logged the least amount of depreciation in October and with pickups bolstered the used vehicle market, which saw a sharp increase from September, according to Black Book.
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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.
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More than 950 pieces of utility and construction equipment and vehicles will be sold off at JJ Kane Auctions in Louisville, Dallas, South Beloit, and Worcester in the month of October. The auctions will be held Oct. 1, 15, 24, and 31.
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Mid-size SUVs from the 2010 to 2014 model years recorded the highest depreciation in August, slipping 3 percent from July to $18,650, while compact pickups increased in value during the month, according to Black Book.
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More than 1,650 pieces of equipment and vehicles will be sold off at JJ Kane auctions in Cincinnati in the month of September. The auction will be held Sept. 24.
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The third-generation 2016 Toyota Tacoma base model SR will carry a retail price of $24,200 when it arrives at dealer lots in the middle of September for about a $3,000 increase over the outgoing model.
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Trucks and SUVs logged the strongest resale value during July in a month that saw lighter depreciation of 1.3 percent for 2010-2014 model year vehicles, according to Black Book.
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In his new role, Waltz will assist AFC in building upon inventory financing opportunities in specialty segments such as RV, powersports, rental, and commercial truck.
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