Why Used Vehicle Values Will Not Crash
Analysis: A big drop of 20% to 30%, as one report suggests, is highly unlikely. History tells us a decline of more than 10% is rare indeed.
Analysis: A big drop of 20% to 30%, as one report suggests, is highly unlikely. History tells us a decline of more than 10% is rare indeed.
Celebrating the two year mark since its launch, Comvoy.com continues to experience growth, further showing the market's need for work-ready vehicles.
As brokers transport more vehicles longer distances, new integration with BATS CRM will make it easier for clients to post and track loads.
Today’s international market conditions are not so different than they were 20 years ago and there are opportunities to be had (but no one said it was easy).
With the help of industry experts, Automotive Fleet takes a look at the current state of the used-vehicle market and what the near future may hold.
Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
Work Truck Solutions expands its partnership with Ryder System, Inc., by offering Ryder used-truck inventory on the commercial vehicle channel, Vehicle Acquisition Search Tool (VAST) .
SelecTrucks is offering buyers some extra confidence during their first few months of used-truck ownership with enhanced 60-Day Buyer’s Assurance coverage.
The Price Digests HRVA awards were presented in nine categories honoring Class 3-8 commercial trucks, ranging from light to heavy-duty models.
The Conference of Automotive Remarketing will be among the first wave of in-person events since the start of the pandemic.
Attendees to the Conference of Automotive Remarketing will learn how they can gain more professional expertise and knowledge.
The Conference of Automotive Remarketing will feature examples of auction companies that not only survived the decreasing vehicle volumes during the pandemic but expanded their business.
Figures remain down 16% from year-ago level.
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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