News
Used EVs Strengthen Overall Electric Vehicle Market
The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
Read More →The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
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KAR Auction Services' subsidiary CarsArrive has acquired the vehicle transportation business of Dependable Auto Shippers to enhance its used vehicle hauling business, the company has announced.
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Average wholesale values continued their downward trend last week, as the spring market comes to an end, according to Black Book’s May 15 Market Insights report.
Read More →GM Financial reported $202 million in net income in the first quarter of 2017, a 23% increase over the same time last year, despite pressure on used-car values, the company has announced.
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Used vehicles increased 0.4% in value in April, as buyers boosted the value of smaller cars, which have begun to shrug off several years of heavier declines, according to Black Book.
Read More →A 0.5% on a month-over-month increase in wholesale used vehicle prices (on a mix-,mileage, and seasonally adjusted basis) in April, brought Manheim’s Used Vehicle Value Index to 124.7%, representing a 1.6% year-over-year increase and the first time this year that the index has risen on a month-over-month basis, according to the company.
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Carvana has raised the total number of markets it where it offers one-day delivery to 25 with its expansion into Chicago, according to a company announcement.
Read More →Donlen recently announced the recipients of its 2016 Top Auction Awards, according to a company announcement. Manheim Mississippi took home top honors as the recipient of the Auction of the Year award, however, seven other auctions also received awards.
Read More →Copart will be expanding its Altoona auction located in Ebensburg, Pa. in order to bolster its storage capacity in the state, the company announced in a statement.
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Manheim has pulled from Cox Automotive’s network of companies to promote three leaders to general manager roles, according to a company announcement.
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Trucks outperformed cars last week, driven in large part by the strength of compact vans, according to Black Book’s May 8 Market Insights report.
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