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NewsAugust 2, 2017

Manheim Expands Brazilian Auction Presence

Manheim has acquired Pacto São Paulo and is developing commercial partnerships with six other auction companies to invest in in Brazil.

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NewsAugust 1, 2017

Wholesale Car Values Fall After Several Weeks of Stability

After several weeks of relatively stable average wholesale values, the car segment realized a sharp decline in wholesale values last week, according to Black Book’s July 31 Market Insights report.

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NewsAugust 1, 2017

Black Book's Used Vehicle Index Remains Flat

Black Book's Used Vehicle Retention Index for July remains unchanged from June at a value of 113. The index has now moved positive or unchanged in three of the last four months.

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NewsAugust 1, 2017

Lease Approvals Bounce Back

About 68.8% of the people that applied for leases in June were approved, a 20% improvement over the month before, according to car lease marketplace Swapalease.com.

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NewsJuly 31, 2017

PARS Hires Southeast Sales Manager

PARS has hired Julie Allen as a regional sales manager for the Southeast region, the vehicle logistics company has announced.

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NewsJuly 31, 2017

Peluso Named President of Manheim Digital Marketplace

Manheim has named Nick Peluso as the president of Manheim Digital Marketplace, according to a company announcement. Peluso, who will also continue to serve as president of RMS Automotive, will report directly to Grace Huang, senior vice president of Inventory Services for Manheim.

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NewsJuly 28, 2017

Rising Off-Lease Vehicle Supply Hurting Used Car Prices

During a quarter where new-vehicle sales slipped, used-vehicle sales grew for Asbury Automotive, one of the six largest publicly traded dealer groups. However, while more used vehicles were sold, less gross profit was generated, and off-lease vehicles are partly to blame.

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NewsJuly 28, 2017

Black Book Analyzes Classic Truck Values

Black Book looked at some popular trucks over the years and analyzed their valuations at recent collectible auctions:

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NewsJuly 27, 2017

New-Vehicle Sales Expected to Fall 6% in July

Kelly Blue Book expects 1.43 million new vehicles will be sold in July, which is 6% less than the same time last year. The forecast would put the seasonally adjusted annual rate at 16.7 million for the fifth month in a row with a new-vehicle SAAR below 17 million.

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NewsJuly 25, 2017

Subcompact Luxury Crossovers Lead Weekly Depreciation

The subcompact luxury crossover segment saw the highest depreciation among all segments last week, after several weeks of low depreciation, according to Black Book’s July 24 Market Insights report.

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