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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Post-Hurricane Buying Frenzy Slows Down

Although bidding activity has begun to slow down after weeks of increased lane activity after the recent hurricanes, overall segment depreciation remains at steady levels, according to Black Book’s Oct. 9 Market Insights report.

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Consignor AutoBuy Adds Locations with ADESA, Manheim Partners

AutoBuy, a used-car consignor, has opened two new locations, bringing the company’s total bricks and mortar locations to eight, and increasing its buy/sell capacity by more than 40%.

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XLerate Taps Industry Veteran Stevens as COO

The XLerate Group has named auction industry veteran Pat Stevens as its COO. Stevens has worked in the auto auction industry for over 20 years, 14 of which have been in executive management positions.

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Cox's Brennan Promoted to SVP of Inventory Solutions

Cox Automotive has named Patrick Brennan as senior vice president of inventory solutions, marketplace, the company announced. He will begin in his new role effective immediately.

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