Fleet Sales Decline 12% in April

Vehicle manufacturers sold 12.2% fewer cars, trucks, vans, and SUVs to rental, commercial, and government fleet buyers in April compared to a year ago in what has become a softening market for new vehicle sales.

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Small Car Depreciation Improves in April

Used vehicle values increased slightly in April as tracked by Black Book's Used Vehicle Retention Index that measures values of 2- to 6-year old vehicles, according to the company.

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Three Dead, Nine Injured at Auction Accident

Three people were killed and nine were injured as a result of a vehicle losing control during a sale at LynnWay Auto Auction in Billerica, Mass., the Chicago Tribune reported.

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Full-Size Cars, Compact Vans Lead Weekly Wholesale Prices

Full-size cars and compact vans continued to thrive, with wholesale values increasing by 0.46% and 0.39% respectively over the prior week period, according to Black Book’s May 1 Market Insights report.

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RMS, Manheim Expand Upstream Listings

A new co-listing capability being offered by RMS Automotive and Manheim is allowing open sale vehicles listed on manufacturers’ digital sales platforms powered by RMS Automotive to be simultaneously offered on Manheim.com and OVE, according to a company announcement.

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Weekly Wholesale Values Remain Healthy

Wholesale market values remain healthy as overall car values continue to increase and truck values remain flat, according to Black Book’s April 25 Market Insights report.

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April Sales Expected to Fall 3%, KBB Says

New-vehicle sales in April are expected to fall 3% year over year to 1.45 million units, resulting in an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to analysts at valuation and data provider Kelley Blue Book.

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Southwest: Slow Start to Tax Season

The tax season had a late start in the southwest market. The boost in sales — which has been described as a steady increase as opposed to a spike this year — that auctions typically begin to see in February did not arrive until March.

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Record Incentive Spending Keeps April Sales on Pace

April retail sales are expected to reach 1.17 million thanks to record incentive spending. However, average days to turn continues to rise, with nearly 30% of vehicles sold so far in 2017 having sat on dealer lots more than 90 days.

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Manheim Announces Three Key Sustainability Goals for 2017

Manheim has announced three key sustainability goals for 2017: offsetting carbon emissions by 3,000 tons at its facilities, saving 2.5 million gallons of water, and achieving zero waste to landfill at one site.

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