The California new-vehicle market declined for the fifth consecutive quarter during the period ending in June, providing further proof that the market has plateaued after several years of big increases.
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The best-performing segment among cars was the full-size car segment. Among trucks, the best-performing segment was the small pickup segment, which was up 0.40% week-over-week.
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The new 96-acre auction location will be located in Spartanburg, S.C.
Read More →The three key initiatives of the investment were a permeable paving system, a water reclamation center, and site security upgrades.
Read More →The former general manager of ADESA Brasher, Rod Davis, will be taking the reigns as GM of the Arizona-based auction.
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The Ram 3500 earned the best resale value award for the heavy-duty pickup segment. The Ram 3500 was also the overall winner for best resale value in 2018.
Read More →ServNet Auctions saw tax season come early this year, as 2018 sales volume so far has remained strong, according to a mid-year update from Eric Autenrieth, president of ServNet.
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Overall, cars segment values decreased by 0.11%, compared to 0.2% the week before. In the truck segment, overall values decreased 0.1%, compared to 0.15% the week before.
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In the interim period prior to Jamere Jackson formally joining Hertz, Robin Kramer, currently Hertz's senior vice president and chief accounting officer, will assume the additional role of acting CFO effective immediately.
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Leasing activity was up in the second quarter of 2018, due in part to a growing use of lease incentives.
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