New-Vehicle Sales Expected to Fall 2% in October

New-vehicle sales are expected to decline 2% year-over-year to 1.34 million units in October, resulting in an estimated 17.9 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book (KBB).

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Used Heavy-Duty Truck Sales on the Rise

Used Class 8 truck same-dealer sales volumes rose by two dozen units in September, according to a report on the used commercial vehicle market from ACT Research.

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Post-Hurricane Sales Boon Expected to Continue in October

The new-vehicle retail sales forecast for October is pointing toward a strong month in year that has under performed compared to the year before it, according to a forecast developed by J.D. Power and LMC Automotive.

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Carvana Expands Into Las Vegas Market

This marks the 39th market that the company has expanded into as well as the first market that the company has entered in Nevada.

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Copart Expands Memphis Location

Copart has added 19 acres of land to its Memphis, Tenn. location in its latest expansion. So far this year, the company has opened over 12 new yards and expanded over seven of its existing locations, according to the company.

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Metro Auto Auction of Phoenix Joins ServNet

Metro Auto Auction of Phoenix has joined the ServNet Auction Group — a network of more than 50 independent wholesale auto auctions, the company announced.

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October Depreciation Rates Seasonally Low

Depreciation trends for both car and truck segments are seasonally lower than what is normally expected this time of year, according to Black Book’s Oct. 23 Market Insights report.

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Chevrolet Highlights Six-Figure Vintage Trucks

As vintage Chevrolet trucks increase in popularity with enthusiasts, more trucks are going up for auction and sale prices for the most coveted trucks keep increasing.

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RES Auction Services Joins Proxibid

The November 18 auction will feature tractors and agricultural implements, as well as construction equipment and related items. Everything you need for your next farm or construction project can found in this auction.

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Lease Credit Approvals Fall Below 50% in Septemer

Lease credit approval fell to 47.6% in September, the lowest percentage of the year and a noticeable drop from the 68.3% that was reported in August, according to car lease marketplace Swapalease.com.

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