Vehicle values were stable last week. Seasonal trends and lower demand have accelerated depreciation higher than where it’s been for most of the year, but this recent week represented an improvement over the market’s performance two weeks ago.
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ALG has named Subaru and Land Rover as the winners of its 2019 Residual Value Awards for the overall mainstream and premium brand categories, according to a company announcement.
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Manheim has invested $1.8 million in a new 11,000 square-foot mechanic shop for Manheim San Antonio, according to a company announcement.
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Prices for pre-owned sporty cars such as the Dodge Challenger fell by 3.3% in October, leading all segments in seasonal depreciation, according to the latest report from Black Book.
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Lease credit applicants registered a 70.9% approval rate in October on Swapalease’s marketplace, according to a company announcement.
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Manheim has promoted four of its associates to general manager and expanded the roles of another, the auction company has announced.
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Ford and Toyota had the most models named as having the best certified pre-owned value among 37 segments by Vincentric, the vehicle valuation firm announced.
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Full-size cars and SUVs depreciated the most in the past week, as vehicle usage and demand has fallen in recent weeks even in the face of lower gasoline prices, according to Black Book's Nov. 13 Market Insights report.
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KAR Auction Services has acquired Reno, Nev.-based Clearplan, a digital platform for recover agents, drivers, forwarders, and lenders that provides a centralized hub for repo workflow and logistics management.
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A significant part of the automotive value chain, Enterprise’s operations result in over 1 million used vehicles that become available for sale every year.
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