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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Kelley Blue Book has expanded its services to the Portugal automotive market and has launched a new website to support the expansion.
Read More →Copart, Inc. has opened its sixth location in Brazil, according to a company announcement. Its sixth location will be located in Betim, Minas Gerais and will offer a wide selection of salvage and used vehicles, the company noted.
Read More →Insurance Auto Auctions, Inc. has launched IAA Fast Search, a salvage vehicle search tool that will be available as a desktop and mobile tool.
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Depreciation remains at some of the lowest levels seen all year, driven in part by the strength of entry level cars, according to Black Book’s April 10 Market Insights report.
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A new report from Morgan Stanley warns that used-car values could fall by 25% to 50% in the next four to five years.
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While wholesale used-vehicle prices declined by 0.5% in March, the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and season — came to a reading of 124.1. This is an increase of 1.3% from a year ago.
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Jim McNulty, past president of the Automotive Fleet & Leasing Association (AFLA) and more recently the owner of Lone Star Auto Auction in Lubbock, Texas, passed away on March 9, 2017, from complications of esophageal cancer.
Read More →America’s Auto Auction is continuing on its acquisition spree with the acquisition of two new auctions, including West Michigan Auto Auction and Interstate 94 Vehicle Auction.
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Used cars outperformed trucks in March, as full-size pickups, compact vans, compact cars, and sporty cars increased in value, while as overall used vehicles depreciated 0.6%, according to Black Book.
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Carvana, an online used-car retailer that’s best known for its “car vending machine,” has filed a registration statement with the U.S. Securities and Exchange Commission (SEC), paving the way for an initial public offering (IPO).
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