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Manheim Bringing Personalized Features to Online Platforms
Manheim is adding personalized features to its online platforms in 2019.
Manheim is adding personalized features to its online platforms in 2019.
The average sale price for used vehicles from fleet leasing consignors increased 1.9% to $12,706 in January from the prior month and 3.9% from January of 2018, according to Tom Kontos, KAR's chief economist.
Three trucks and SUVs were listed as having the highest depreciation after a year in a recent report from iSeeCars.
This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact cars and midsize cars, in specific, saw the strongest growth among all vehicle segments and outperformed the overall market.
Subcompact crossovers, compact luxury crossovers/SUVs, and compact vans fell by 1.78%, 1.61%, and 1.55% last week, representing the highest depreciation among all vehicles.
The Bank of America digital car shopping and financing platform will now add more than 15,000 Carvana vehicles to its existing inventory of both new and used vehicles.
The addition of the new location was motivated, in part, by the company's commitment to adding vehicle storage capacity in California, said Copart CEO Jay Adair.
The two months of falling vehicle values may be an indicator of what depreciation might look like in 2019.
Depreciation for cars grew slightly last week, but overall values are continuing to stabilize, according to Black Book's Feb. 4 Market Insights report.
Following last year’s record-breaking attendance, the 2018 Summer Roundtable once again saw a nearly record breaking number of attendees for this year's event.
View more photosVolume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.42% last week. In comparison, the market values decreased by 0.58% on average during the prior four-week period.
Copart has opened a new 53-acre location in North Charleston of South Carolina.
KAR Auction Services, Inc. has completed the acquisition of CarsOnTheWeb.
Online sales of used vehicles in the wholesale market likely exceeded 2 million in 2018, as remarketing technology made it easier for dealers to evaluate, bid, and buy vehicles beyond physical auction locations.
