June 27, 2017
Wholesale auctions sold 9.8 million vehicles worth $100 billion in 2016 with the majority coming from dealer consignment, according to the National Auto Auction Association (NAAA). The association has been surveying its members for 20 years.
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June 27, 2017
Wholesale cars that have been depreciating at roughly double the rate of trucks in the past month have stabilized in the past week, according to Black Book’s June 26 Market Insights report.
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June 23, 2017
Delayed tax refunds led to a slightly higher gross profit per wholesale unit at CarMax, the company reported during its quarterly earnings call for the quarter ending May 31.
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June 23, 2017
Manheim Louisville of Clarksville, Ill. has been named the top-performing auction of 2016 by Fiserv, Inc., a provider of financial services technology solutions.
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June 23, 2017
Carvana has expanded its business of vehicle vending machines into Oklahoma City, which is the company's 30th market in the U.S., Carvana has announced.
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June 23, 2017
The average monthly payment for a leased vehicle came in at $340.37 in June, a slight reduction from last month’s average of $352.80, according to online lease deal marketplace Wantalease.com.
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June 21, 2017
XLerate Charleston has expanded its auto auction sales team by announcing four new additions to the team, according to an announcement from the Auction.
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June 20, 2017
As gas prices have continued to decline, smaller vehicles — in both the car and truck segments — have also seen an accelerated rate of depreciation, according to Black Book’s June 19 Market Insights report.
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June 19, 2017
NextGear Capital and Ready Logistics have partnered to offer a new kind of transportation financing solution that will allow its clients to buy, floor, and transport vehicles through a single transaction, according to a company announcement.
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June 19, 2017
Honda has released a newly redesigned certified pre-owned (CPO) vehicle website meant to provide an easier and more focused experience for its CPO segment, which has grown by 6.8% this year, according to a company statement.
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