The used vehicle market should grow about 1% in 2018 bolstered by a federal tax cut and influx of utility vehicles, while new vehicle sales are expected to remain flat, according to Cox Automotive's senior economist.
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Given the scope of Hurricanes Harvey and Irma, news about the natural disaster and the effect that it had on the used car market held several top spots on the list of top articles of the year.
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Looking toward the end of December, wholesale prices for vehicles up to 8 years old are expected to decline about 1%. Looking at the end of 2017 as a whole, used prices are expected to decline roughly 5.6%.
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ADESA has raised more than $1 million for Type 1 diabetes (T1D) research through a partnership with the Ford Global Action Team in support of JDRF, an organization with a mission to discover, develop, and deliver advances to cure, better treat, and prevent T1D.
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Digital vehicle remarketer Liquid Motors, Inc. has hired Keith Whetter as vice president of sales to work with the executive team to expand Liquid Motors customer base in the wholesale arena, the company has announced.
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As December progresses, average wholesale vehicle values continue to decline, with subcompact cars and subcompact crossovers leading the pack in their respective segments last week, according to Black Book’s Dec. 18 Market Insights report.
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Insurance Auto Auctions, Inc. (IAA) has relocated one Mississippi auction to a larger facility and expanded a second auction in the state, the salvage auction house has announced.
Read More →Nearly 75% of the BMW vehicles offered during Manheim's first open digital block sale for BMW Financial were sold during the auction, according to Manheim.
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Auction Management Solutions (AMS) has partnered with Alliance Auto Auction for business development consulting, according to a company announcement.
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The hurricanes that swept through Texas and Florida destroyed and damaged as many as 900,000 vehicles, and the replacement activity that the catastrophic events spurred boosted retention by almost 2%, according Black Book.
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