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NewsNovember 2, 2016

ADESA Opens $40M Chicago Auction

ADESA has officially opened its new ADESA Chicago auto auction, a location that cost the company $40 million to develop, according to a company announcement.

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NewsNovember 1, 2016

ServNet, AFC to Offer Discounted Floorplan Prices

ServNet Auctions and Automotive Finance Corporation are offering dealers the opportunity to floorplan their purchases with AFC for up to 90 days for an exclusive promotional rate of $90.

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NewsNovember 1, 2016

October New-Vehicle Transaction Prices Rise 2.3%

The estimated average transaction price for a light vehicle in the U.S. in October was $34,663, a 2.3% increase over the same time last year, according to Kelley Blue Book.

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NewsNovember 1, 2016

Crossovers and SUVs Seeing Sharper Depreciation

Pricing for car and truck segments weakened heading into the fourth quarter, which is typical this time of year. Crossovers and SUVs led the way with the highest value decline last week — the full-size crossover/SUV segment fell 1.12%.

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NewsOctober 29, 2016

Nissan Offers 2017 Frontier With Work Truck Package

Nissan is offering a "work truck package" with its 2017 Frontier mid-size pickup, which will retails for at least $19,330 and is on sale now, Nissan has announced.

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NewsOctober 28, 2016

Auction Academy Conducts Education Sessions in the South

Auction Academy’s Class Group 4 completed its seventh quarterly session during a trip to Dallas, Texas, the group’s second to last meeting before graduating from the academy.

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NewsOctober 28, 2016

Volkswagen Unveils Three-Row Atlas SUV for 2018

Volkswagen has revealed its new flagship SUV, called Atlas, ahead of the Los Angeles Auto Show — a three-row utility vehicle that brings the automaker into a highly competitive category.

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NewsOctober 27, 2016

October SUV Sales to Climb to Summit

New-vehicle sales, including fleet, should decline 6% from a year ago to 1.35 million units in October, Kelley Blue (KBB) said today. If realized, the used-vehicle information site’s prediction would put the month’s seasonally adjusted annual rate (SAAR) at 17.9 million, down from 18 million one year ago but up from September’s 17.7 million SAAR.

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Newsby Chris WolskiOctober 27, 2016

GM's Duramax 6.6L Boosts Capability, Resale Value

GM’s redesigned Duramax 6.6L turbo-diesel offers a number of advantages to fleets including increased horsepower and torque, and fleets are showing interest in the new engine, which will be available in the 2017 Chevrolet Silverado HD.

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NewsOctober 25, 2016

Used Vehicle Values Dip Below Monthly Average

Car and truck segment values fell last week by 0.57% and 0.36% respectively in what were significant drops from the prior week, Black Book has announced.

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