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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Full-size cars and compact vans continued to thrive, with wholesale values increasing by 0.46% and 0.39% respectively over the prior week period, according to Black Book’s May 1 Market Insights report.
Read More →A new co-listing capability being offered by RMS Automotive and Manheim is allowing open sale vehicles listed on manufacturers’ digital sales platforms powered by RMS Automotive to be simultaneously offered on Manheim.com and OVE, according to a company announcement.
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Wholesale market values remain healthy as overall car values continue to increase and truck values remain flat, according to Black Book’s April 25 Market Insights report.
Read More →New-vehicle sales in April are expected to fall 3% year over year to 1.45 million units, resulting in an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to analysts at valuation and data provider Kelley Blue Book.
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April retail sales are expected to reach 1.17 million thanks to record incentive spending. However, average days to turn continues to rise, with nearly 30% of vehicles sold so far in 2017 having sat on dealer lots more than 90 days.
Read More →Manheim has announced three key sustainability goals for 2017: offsetting carbon emissions by 3,000 tons at its facilities, saving 2.5 million gallons of water, and achieving zero waste to landfill at one site.
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Hertz Global Holdings Inc. will host a live webcast discussion of its 2017 first quarter financial results on May 9.
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Manheim has rolled out its Limited Powertrain Inspection, the company’s first inspection product for higher mileage vehicles to include structural, engine, transmission, transfer case, and hybrid/electric battery in the inspection guarantee, according to a company announcement.
Read More →NsightLive's trade appraisal service, according to the company, provides a trade appraisal tool to independent auto dealers that might not otherwise have access to one. By partnering with Black Book, NsightLive’s trade appraisal tool will now be able to leverage Black Book’s data.
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Ford and Nissan vehicles appeared most prominently among the vehicles chosen as having the best fleet value by Vincentric for the 2017 model year, the firm that analyzes total cost of ownership announced.
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