News
Wholesale Trucks See Third Week of Steep Declines
Overall truck segment values declined 0.83% last week, compared to 0.99% the week before.
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Your Top Resource for Consignor and Auction News
Overall truck segment values declined 0.83% last week, compared to 0.99% the week before.
Manheim has created a new role, vice president of Industry Partnerships, and has appointed Julie Picard to it.
Honda received the company’s top spot for the mainstream brand category and Land Rover earned the stop for the luxury brand category.
The new capital will allow ACV Auctions to further its investment in technology and data driven solutions that will help dealerships source and sell used vehicles.
Vincentric has announced the winners of its 7th annual Best Certified Pre-Owned Value in America Awards and Ford, Subaru, and Lexus were some of the key winners.
Wholesale values were way down last week, as various truck and car segment vehicles saw steep depreciation.
The values of vehicles sold at ADESA auctions from fleet consignors fell 0.6% to $13,309 in October but remain 2.4% higher from a year ago, according to Tom Kontos, KAR Global's chief economist.
The whitepaper titled “Certification Impact on Low Grade & High Mileage Units” found that certified wholesale vehicles sell 4%-8% faster than uncertified vehicles.
The existing KCI Kansas City auction team will remain at the company after the acquisition.
Small truck and car segment vehicles saw steep depreciation last week, continuing the trend of accelerated depreciation within the overall wholesale market.