Black Book's Used Vehicle Retention Index for April remained unchanged from the previous month at 112 and has declined by a mere 1% over the last 12 months, the company announced.
Read More →Car values continued to rise last week, marking the seventh week of rising car values, driven in part by the performance of sporty and mid-size cars, according to Black Book’s April 30 Market Insights report.
Read More →Hall of Fame quarterback, Bob Griese to keynote 2018 IARA Summer Roundtable.
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SUV segments drove auction volume in March, according to J.D. Power’s April Used Car and Light Truck Guidelines Industry Update. Luxury compact utility volume was up 71.7% and large utility volume was up 27.8%.
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Edmunds is forecasting 1,335,313 new vehicles sales through April, representing a 19% decline from March and a 6% decline from the same time last year.
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Mercedes-Benz USA’s online portal — MbonDemand.com — will now feature vehicles from Sixt Rent-a-Car, a move that will allow franchised and independent dealers to source Sixt off-rental vehicles, according to a company announcement.
Read More →Through a partnership between Black Book and Mobility Sales Solutions, dealers will now be able to provide service customers with up-to-date used vehicle values, in order to incentive the purchase of a new vehicle.
Read More →Overall, average car segment wholesale values were up 0.29% last week, compared to a 0.15% rise the week before. Overall truck segment values depreciated by 0.04% last week, compared to 0.16% depreciation the week before.
Read More →Ford or Lincoln vehicles have captured the most awards by a single manufacturer among the 39 vehicles named to Vincentric's Best Fleet Value in America list for the 2018 model year.
Read More →Planning for the IARA Summer Roundtable at the J.W. Marriot in Marco Island on Aug. 21-23 is underway, and the full agenda, including the event's keynote speaker, will be available soon.
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