While used truck prices only dipped slightly in August, the 1% year-over-year decline is the first since January 2018, according to ACT Research’s latest report on used Class 3-8 trucks.
Consignment and sales from the acquired facility will be merged into existing operations at Indiana Auto Auction, according to Eric Autenrieth, who leads the auction group.
Nick Peluso, a 30-year veteran of the remarketing industry and leader at Manheim since digital auction sales were a burgeoning idea, will retire at the end of the year.
Manheim's president who oversees the inventory solutions unit offers thoughts on fleet mobility services, bringing artificial intelligence to inspections, and the company's diversification strategy.
The trucks and vans that topped J.D. Power's lists for 2019 Resale Value awards include the GMC Sierra 3500, Toyota Tundra, Toyota Tacoma, and Honda Odyssey minivan, the firm announced.
Used Class 8 same dealers sales were down 10% in June and prices remained essentially flat, but this used truck dealers say that at current levels, sales and prices are still strong, according to ACT Research.
Car values continued to weaken and truck values strengthened last week, as the summer months approach.
Spring has come to an end, with cars declining in values greater than trucks.
Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.01% last week.
Gov. Greg Abbott issued a proclamation to make April 11, 2019 Remanufacturing Day in the State of Texas.
Overall truck segments are declining but some truckmakers saw increases of up to 5% due to new 1/2-ton pickups.
Arrow Truck Sales, Inc. announced that Jeffrey Oldham has been appointed company president. Oldham will replace Steve Clough, who retired from the company.
Peterbilt has expanded its 90-day Vehicle Assurance Warranty to cover all Peterbilt Red Oval Certified trucks.
Black Book's ValuEngine batch processing tool now offers Enhanced Vehicle Matching, a more precise VIN-level valuation tool powered by machine learning and natural language processing.
Extending replacements too long can result in added repair and maintenance costs but replacing a vehicle too soon can leave money on the table in terms of vehicle life.
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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