MENU
SEARCHMENUSEARCH
The Manheim Used Vehicle Value Index hit a record high for the second consecutive month, as wholesale used-vehicle prices rose 1.1% month over month in June. The increase brought the Index to 129.3, a 2.5% increase from a year ago.
Read More →
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.
Read More →
“It is expected that we will see more declines in the Index in the months ahead as we move deeper into the year, particularly driven by softness among car segments,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics for Black Book.
Read More →
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%.
Read More →
General Motors has launched its Factory Pre-Owned Collection portal to offer used Chevrolet, Buick, GMC, and Cadillac vehicles to online buyers.
Read More →
GM announced the company is launching the Factory Pre-Owned Collection as another example of GM’s efforts to earn customers for life.
Read More →
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.
Read More →
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.
Read More →
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.
Read More →
The depreciation rate for cars is expected to outpace trucks and vans, which will be aided by strong demand from small fleet buyers.
Read More →