Fleet Lease Consignor Prices Advancing Steadily

Average wholesale prices for used fleet lease vehicles increased 0.2% in September from the prior month and 3.6% from the prior year in a market that was bolstered by dealer demand in hurricane-stricken regions, according to Tom Kontos, KAR Auction Services' chief economist.

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PSA Group Creates Used Car Peer-to-Peer Marketplace

PSA Group has created Carventura.com, a peer-to-peer used car marketplace, as a way to bolster its presence in the peer-to-peer marketplace in France, according to a company announcement.

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Black Book Adds Valuation Data to AutoAlert Software

Black Book will begin offerings it valuation data AutoAlert, a data-mining and communication solution, under a new partnership. Under this agreement, Black Book will populate AutoAlert’s algorithms with its proprietary vehicle values, the company has announced.

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TradeRev Names Two to Executive Roles

KAR Auction Services' TradeRev has named several associates to executive roles and expanded the responsibilities of Keith Crerar, executive vice president, the company has announced.

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Non-Houston Used Vehicle Values Fall

While average wholesale prices in Houston remain elevated, vehicles throughout the rest of the country saw higher rates of depreciation last week, according to Black Book’s Oct. 16 Market Insights report.

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Manheim Puerto Rico Hosts First Post-Hurricane Sale

Manheim Puerto Rico hosted its first post-hurricane sale on Oct. 12 — 200 vehicles were offered for sale, the auction announced. Of those, 70 sold and an additional 30 vehicles are pending sale.

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Peterbilt's Gansle Named to Used Truck Association Board

Peterbilt has announced that Anthony Gansle, director of marketing and sales, has been elected to the Used Truck Association's board of directors.

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Hurricane Replacement Still Boosting Used Vehicle Prices

The average price of used vehicles model years 2012-2016 fell 0.7% in September, with the lion’s share of that depreciation coming from the car segment, according to Black Book. As of September, all vehicles are averaging a 12-month depreciation of 14.5%.

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Carvana Enters Albuquerque, N.M.

Online used car retailer Carvana has expanded its next-day shipping to Albuquerque, N.M., according to a company announcement.

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RMS Automotive Enhances PSA Group's Dealer Portal

RMS Automotive has enhanced its MOVE dealer web portal for French manufacturer PSA Group's vehicles. PSA Group uses the upstream remarketing platform in 22 countries to for Peugeot, Citroen and DS Automobiles brands.

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