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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Ready Logistics moved more than 194,000 vehicles in January, which was a 55% increase over January of 2016 for the Cox Automotive-owned company.
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Insurance Auto Auctions, Inc. (IAA) — a provider of vehicle liquidation, logistics, title processing, and inventory sourcing for damaged and lower value vehicles — has appointed Tim O’Day as its COO, according to a company announcement. He will be reporting to IAA CEO and president, John Kett, the company added.
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The International Automotive Remarketers Alliance’s (IARA) new website has integrated software that is designed to improve online membership management.
Read More →Luxury vehicles continued to struggle last week, as the segment realized some of the highest depreciation rates among all segments, according to Black Book’s Feb. 13 Market Insights report.
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Manheim has appointed five new general managers in the central and west regions. Four of the appointments come from within the company, while one of the appointments comes from outside the company.
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Small and large pickups were among the top performing segments in January with a 1.1% depreciation rate among two- to six-year-old vehicles sold in auction lanes, according to Black Book.
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The National Auto Auction Association (NAAA) estimates that its members sold 9.9 million vehicles in 2016, a 6% improvement over the year before, according to Manheim’s 2017 Used Car Market Report.
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Subaru and Acura ranked as the top automotive brand in Kelley Blue Book's annual 5-Year Cost to Own awards that names top luxury and non-luxury brands as well as 21 vehicle categories.
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On a year-over-year basis, 2017 started the same as all of 2016 — trucks and vans up and cars down, according to Manheim. New vehicles sales into rental declined by approximately 7% in January compared to January 2016.
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The 2017 Chevrolet Bolt EV should retain as much as 39% of its value after three years of retail leasing, which is significantly better than other mainstream competitors, according to ALG.
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