Holiday Weekend Keeps Wholesale Values Steady

Increased demand at dealer lots during the Fourth of July weekend kept wholesale depreciation at stable levels compared the week before, according to Black Book’s Market Insights report for July 11.

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AMS Consulting Firm Partners with Rea Brothers' Mid-South Auction

Auction Management Solutions, Inc. (AMS) has partnered with Rea Brothers’ Mid-South Auction (RBMSA) for business development consulting, bringing the firm’s total list of clients to 17, according to a company announcement.

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Used Vehicle Values Keep Climbing Higher, Manheim Says

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.

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Purple Wave Auctions Offers Remarketing Advice

Using internet equipment auctions can help you overcome the problems of tight timelines, market value and changing brands, according to the company.

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Carvana Expands Into Kentucky

Carvana has expanded its next-day delivery service to Louisville, Kentucky, marking the company’s first Kentucky Market, according to Carvana announcement.

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Manheim UK Holds Auction at Sea

Manheim UK recently held an offsite sale for French automaker Citroën atop a structure surrounded by ocean on all sides.

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Weak Sedan and Fleet Sales Lowering New Car Sales

The continued weakness in the sedan segment compounded with declining fleet sales led to a year-over-year decline in new-car sales during June, according to the NADA.

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Luxury Wholesale Prices Fall in an Overcrowded Market

As manufacturers continue to release new vehicles into the luxury segment, the number of vehicles in the segment has grown. This along with overproduction and higher incentives has led to higher depreciation rates for the segment.

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Truck Values Remain Stable

Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.03% last week, better than the average decrease of 0.17% per week in the previous four weeks.

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Volvo to Phase Out Gasoline Vehicles in 2019

Volvo is rolling out electrification across it model range with a series of battery-electric, plug-in hybrid, or mild hybrid cars and SUVs.

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