Manheim launched its largest all-digital heavy truck auction on Jan. 8 at its Indianapolis, Indiana location, the company announced.
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Wholesale values as of the second week of the new year are holding stable, which is the inverse of the heavy depreciation that late 2019 saw.
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The winner is announced at the annual Conference of Automotive Remarketing, which this year will be held on March 24-25, 2020 at Caesars Palace Las Vegas.
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Black Book’s Used Vehicle Retention Index for December 2019 registered 113.3, representing a 0.7 point decline from the month before.
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Manheim has promoted Joe Kichler to vice president of Manheim Logistics.
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Overall car segment values decreased 0.26% last week, compared to 0.68% the week before. Overall truck segment values decreased 0.44% last week, compared to 0.71% the week before.
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Overall car segment values decreased 0.68% last week, compared to 0.92% the week before. Overall truck segment values decreased 0.71% last week, compared to 0.85% the week before.
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The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
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Fleet data collected in 2019 found that depreciation expenses for most vehicles went down in 2019.
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Five of the most widely used vehicle segments among light-duty fleets saw relatively low depreciation in 2019.
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