News
2026 CAR Awards Celebrate Industry Excellence
CAR’s annual Fleet Remarketing Awards opened a reimagined 2026 conference designed to bridge the worlds of fleet management and automotive remarketing.
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Wholesale cars and truck depreciation has continued to accelerate through the midpoint of December, as the seasonal slide continues to take effect, according to Black Book’s Dec. 11 Market Insights.
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The average price of a used vehicle from model years 2012 to 2016 depreciated in value by 2.2%, in November, according to Black Book. Year-over-year, the average value for these vehicles has depreciated by 13.2%.
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PARS has named Teri Ross its new VP of sales and client relations following the retirement of Terry Langness, a fleet industry veteran who will end his tenure with the company by the end of January.
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RMS Automotive received the award based on its RMS Automotive Inventory Management Solutions, which is a modular inventory management software that reduces risk and maximizes return on investment.
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Black Book's Used Vehicle Retention Index for November, rose 0.3% month-over-month from 114.6 to 115.0, its third straight monthly increase dating back to August when it was at 112.6.
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Carvana has added a second market in its home state of Arizona with the addition of Tucson to its list of cities it offers next-day delivery to, according to a company announcement.
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TradeRev has released an update to its mobile app that will leverage KAR Auction Services, Inc. in order to bring a host of new features to its mobile platform, according to a company announcement.
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KAR Auction Services, Inc. has committed $250,000 to City Life Wheels of Central Indiana, a non-profit that uses donated vehicles to teach Indianapolis youth basic auto maintenance and repair skills, according to a company announcement.
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Respectively, subcompact cars, compact cars, and subcompact crossovers realized the highest depreciation rates among all vehicles tracked at 1.12%, 0.86%, and 1.38%.
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State Line Auto Auction will be selling three Oldsmobile vehicles that were previously housed in the General Motors heritage center on Dec. 15.
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