News
Used-Car Prices Reach 13-Year High in Third Quarter
Used vehicle prices reached $20,084 in the third quarter of 2018, representing a 3.5% year-over-year increase, and the highest price since 2005.
Used vehicle prices reached $20,084 in the third quarter of 2018, representing a 3.5% year-over-year increase, and the highest price since 2005.
Manheim will invest $13 million over the next three years in a wide-ranging program to create a safety culture at its auctions, the Atlanta-based company announced.
Hertz's Q3 earnings are a 7% increase from the same time last year.
Wholesale compact van values experienced the biggest decline at auction last week, depreciating 1.03% week-over-week.
Revenues grew to a record $2.8 billion in the third quarter on both higher volume and increased underlying pricing in the Americas.
Seasonal depreciation patterns are expected to take hold through the rest of the year, with vehicle values declining on a wider scale.
Manheim has expanded its mobile auction network this year, and plans to expand its network further into new cities in the northeast, Midwest, mid-Atlantic, and southeast in order to meet dealer and consignor demand for remarketing options in those cities.
Peterbilt announced a new warranty option for Red Oval Certified Pre-Owned truck customers.
Commercial sales increased 10.3% in October, while sales to government agencies increased 1%. Sales into daily rental increased 0.2%.
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 photos
The new location is located in Bruchmühlbach-Miesau, near Mannheim, Germany.
This heavy depreciation was in large part driven by rising no-sales at several auto auctions.
Dale Jones, EVP of Ford Motor Credit has been elected chair elect of the American Financial Services Association (AFSA), according to a company announcement.
Manheim has relocated its Logistics Solutions platforms — which include its Ready Logistics and Central Dispatch operations — to Phoenix in order to support the transport needs of its shippers, carriers, and the evolving mobility sector.
