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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Element Fleet Management has honored several Manheim sites for best-in-class performance at the 18th annual Remarketing by Element awards.
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Manheim has appointed four general manager positions at locations in Georgia, Arizona, and New Mexico.
Read More →Wholesale used vehicle prices declined 1% in November, continuing the downward trend that was 0.7% last month, according to Manheim's Used Vehicle Value Index.
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Trucks depreciated higher than cars for the first time this year, with truck values decreasing 0.68% on a volume-weighted basis while overall car values decreased by 0.56%.
Read More →The estimated average transaction price for light vehicles in the United States was $34,948 in November, an increase of 1.7% compared to the same time last year, according to Kelley Blue Book.
Read More →Mecum Auctions will place more than 3,000 classic cars up for auction at the Mecum Kissimmee 2017, the auctions largest event of the year is open to sellers, buyers and spectators.
Read More →The XLerate Group has acquired Lone Star Auto Auction (LSAA) in Lubbock, Texas. The independent auction joins XLerate’s existing Texas locations in Dallas, Austin, according to XLerate.
Read More →Alliance Inspection Management has named Michael Connolly as its vice president of auction operations and promoted Jeff Gaetz to vice president of business development, a newly created position with an initial focus on auction and related business.
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Jim Hallett, chairman and CEO of KAR Auction Services, Inc., gave a keynote address at the Fleet Europe Remarketing Forum in Barcelona about his views on the future of automotive remarketing based on over 40 years of industry experience and lessons learned as the leader of KAR Auction Services.
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Depreciation for used cars and trucks saw a slight uptick during the week of Nov. 11, which may have been the result of Thanksgiving shopping activity. Sub-compact crossovers had the highest wholesale values for both car and truck segments by staying flat.
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