October 20, 2017
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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October 19, 2017
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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October 19, 2017
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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October 19, 2017
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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October 17, 2017
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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October 16, 2017
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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October 13, 2017
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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October 12, 2017
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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October 11, 2017
Online used car retailer Carvana has expanded its next-day shipping to Albuquerque, N.M., according to a company announcement.
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October 10, 2017
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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