Tagged Used Vehicles

PSA Group Creates Used Car Peer-to-Peer Marketplace

PSA Group has created Carventura.com, a peer-to-peer used car marketplace, as a way to bolster its presence in the peer-to-peer marketplace in France, according to a company announcement.

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Carvana Enters Albuquerque, N.M.

Online used car retailer Carvana has expanded its next-day shipping to Albuquerque, N.M., according to a company announcement.

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Carvana Adds Car Vending Machine in Florida

Carvana has opened up its newest car vending machine in Jacksonville, Fla., marking the fifth vending machine the company has opened this year, according to a company announcement.

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Carvana Opens New Vehicle Inspection Center Near Phoenix Headquarters

Carvana has opened a new vehicle inspection and perfection center in the Phoenix suburb of Tolleson, Ariz., according to a company announcement.

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Manheim Improves Vehicle Valuation Tool

Manheim has updated its vehicle valuation tool, the Manheim Market Report (MMR), to provide more detailed valuations of used vehicles to increase transparency and improve the remarketing process, the company announced.

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Used Vehicle Values Decline 4.5% in Past Year

Black Book's June Used Vehicle Retention Index that measures wholesale values increased 0.7 to 113 from the May level. The index has declined 4.5% in the past 12 months.

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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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New-Vehicle Sales Down 2.3% in First Half of 2017

New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.

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IronPlanet Sets End-of-Quarter Auction

IronPlanet will run its end-of-quarter events from June 27 to 30, featuring an All-Humvee Auction and three equipment sales on the IronPlanet and GovPlanet websites.

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Wholesale Auction Business Grew 4.6% Last Year

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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