The last 2018 Dodge Challenger SRT Demon and 2017 Dodge Viper will be auctioned off at Barrett-Jackson's Northeast auction as part of a charity sale, according to the auction company.
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BMW Group Financial Services has launched an accelerator program meant to provide entrepreneurs, startups, and small businesses with the opportunity to partner with the captive finance company to develop new technologies, according to the company.
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Used-vehicle sales will rise and new-vehicle sales will fall in 2018, while total sales will reach 56.2 million, which would represent a second year of declines for the automotive industry, according to a Cox Automotive forecast.
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Average wholesale car segment values were down last week, breaking a two month streak of rising car values, according to Black Book’s May 14 Market Insights report.
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Merchants Fleet Management has hired a regional sales manager for northern and central California and a manager for its Merchants GuaranteeTRAC resale program, the fleet management company announced.
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Hertz Global Holdings’ monthly net per unit vehicle depreciation expense decreased 13% to $302 for its U.S. operations, during its first quarter of 2018.
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Prices for vehicles from fleet lease consignors increased 6.6% in March and are 4.9% higher than a year ago driven in part by a strong spring selling season that boosted the values significantly from February levels, according to KAR Auction Services.
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Used compact and midsize passenger cars held their value better than pickups and cargo vans in April, and overall vehicle depreciation eased due to a strong spring selling season, according to Black Book.
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All vehicles are Avis Certified — meaning they have passed a rigorous multi-point, bumper-to-bumper inspection process completed by certified mechanics, including ASE-Certified and ASE Master Technicians.
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Car values were up for the second month in a row last week, however, the segment's wholesale values show signs of leveling off, according to Black Book’s May 7 Market Insights report.
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