Liquid Motors Integrates WeGoLook's Condition Reports

Remarketing software provider Liquid Motors will begin integrating vehicle condition reports and inspections into its products under a new partnership with WeGoLook, the company announced.

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Manheim's Used Vehicle Values Rise 6 Straight Months

Wholesale used vehicle prices rose for the sixth month in a row in October, increasing by 1.02%, according to Manheim’s October Used Vehicle Value Index. This brought the index to 136.3, an 8.1% rise from a year ago.

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Weekly Car and Truck Depreciation Rises

Both cars and trucks saw a noticeable rise in depreciation last week, according to Black Book’s Nov. 6 Market Insights report.

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Manheim Names Two Southeast GMs

Manheim has appointed general managers for its Atlanta and Fort Myers auctions that will focus on strategic growth and enhancing the client experience, the Cox Automotive company announced.

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Black Book's Index Continues Upward March in October

The firm attributed the strong vehicle retention in October to increased replacement activity stemming from Hurricanes Harvey and Irma. However, the increased replacement activity seen in October is expected to be the last boost to come from the hurricanes.

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Used Car Leasing Could Boost Remarketing Activity

With the number of off-lease vehicles coming into the used car market projected to grow in the coming years, it might be the time for used car leasing to make a return, which would boost demand and price at wholesale for several used car segments, according to Swapalease.com.

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Used Car Acquisition App Reaches Milestone

The Appraisal Lane, a mobile app that connects auto dealers with a community of appraisers and buyers, recently reached 100,000 live vehicle trades through its app, according to a company announcement.

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Flat Prices, Higher Incentive Spending Signals Headwinds for New-Car Market

Transaction prices continue to rise at a slower pace, with October’s estimated average transaction price expected to rise by $101 from a year ago to $35,263, Kelley Blue Book (KBB) reported on Tuesday. Compared to September, the firm expects the average to increase by $128, or 0.4%.

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Weekly Wholesale Values Remain Flat

Average wholesale values saw little change last week compared to the week before it, with depreciation falling in both the car and truck segment, according to Black Book’s Oct. 30 Market Insights report.

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CarMax Names Hill to Replace Retiring COO

CarMax has named Ed Hill its new chief operating officer, following the retirement of Cliff Wood, the nation's largest used-vehicle retailer has announced.

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