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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New vehicle sales are on pace to top last year's sales. However, car buyers are rolling over negative equity from their trade-ins in record numbers, according to Edmunds.com.
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MetroGistics has promoted Craig Clayton to vice president of information technology, the vehicle logistics provider has announced.
Read More →NextGear Capital honored four independent auctions during its fourth annual Auction Partners Awards ceremony for their services toward growing and supporting the overall industry and their communities.
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Today, the NADA Used Car Guide issued a report that examines retention performance for 33 all-new or redesigned mainstream and luxury models. Leading the list were the 2016 Toyota Tacoma, Honda Pilot and new Volvo XC90.
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Manheim’s Mobile Auction program has generated the highest sale rates among Manheim channels, including, in-lane, mobile, and online auctions. Manheim clients are now averaging 70% sale rates using the platform, which utilizes a fleet of mobile trucks, buses and “auction in a box” portable technology units, according to Manheim.
Read More →Several Manheim Auctions were honored during the 18th annual Chase Cup for Auction Excellence Awards by Chase Auto Finance for their performance in several different categories related to vehicle remarketing.
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Vehicle segments across the board have seen an overall increase in depreciation, with the exception of compact vans which were flat for the week of Nov. 11 after having seen the lowest mark overall the week prior with a drop of 2.18%.
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Registration for the 2017 Conference of Automotive Remarketing (CAR) is now officially open, and those who register early can save $100 by signing up before Feb. 3. The 22nd annual CAR conference will be held Mar. 1-2 at the Paris Las Vegas Hotel.
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Wholesale prices for vehicles up to eight years in age fell 3.6% in October, which is typically one of the softest months of the year in terms of used-vehicle prices, according to the NADA Used Car Guide. However, the decline was slightly more this October than the previous three-year average decline of 3.3% for the period.
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ALG has named Land Rover and Subaru as the winners of the 2017 Residual Value Awards (RVA). Land Rover earned the top Premium Brand award, while Subaru was honored as the top Mainstream Brand.
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