Wholesale vehicles averaged a 12-month depreciation of 13.2% in 2017, compared to a 12-month depreciation of 17.3% in 2016, according to Black Book.
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After leading depreciation in the first week of January, truck segment values saw a small recovery last week, while car segment values continued to decline at a similar pace, according to Black Book’s Jan. 15 Market Insights report.
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Among the top 10 fastest-selling used cars in 2017, six were alternative fuel, while four were gasoline engine vehicles.
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Both of Manheim’s logistics solutions saw growth in 2017. Through both solutions, a little under 9 million vehicles were touched by Manheim's logistics solutions, the company stated.
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Manheim’s used vehicle value index — which tracks how wholesale used vehicle prices change month-to-month — for December came in at 132, 1.91% month-over-month decrease and an increase of 5.6% year-over-year.
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In his new role, Hallowell will direct and coordinate the overall domestic and global operational activities for digital channels such as Simulcast, OEM-specific marketplaces, Manheim.com, and OVE, along with RMS Automotive and its global business, the company stated.
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Manheim has expanded the role of its vice president of digital inventory solutions Derek Hansen, bringing on additional responsibilities and a new title, according to a company announcement.
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In a reversal from the past several weeks, truck depreciation outpaced car depreciation during the first week of the New Year, according to Black Book’s Jan. 8 Market Insights report.
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Kathy Ward, past president and CEO of Canadian Black Book, passed away on Dec. 24 after multiple years of fighting cancer. She was 60.
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A Florida dealer and Oldsmobile collector has purchased three sedans that were the last of their kind from one of the automotive industry's oldest nameplates when General Motors ceased production in 2004.
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