The average monthly payment for a leased vehicle in July has remained essentially flat from the previous month when the average monthly payment was approximately $340, according to online lease deal marketplace Wantalease.com.
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Avis Budget Group Inc. plans to report its second quarter 2017 results after the market close on Monday Aug. 7.
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The average price of a used vehicle for model years 2012 to 2016 decreased in value 1.3%, slightly more than the 1.2% decrease in May, according to Black Book. The price of cars overall dropped 1.8%, while trucks decreased 0.8% in value in June. All vehicles are averaging a 12-month depreciation of 16.7%.
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Average wholesale prices in June were down vs. June but up vs. a year ago. A drill down into the data, however, reveals price softening on a year-over-year basis when accounting for sales type, vehicle age, model class, and mileage, KAR Chief Economist Tom Kontos said today.
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Manheim's mobile sales have grown 52% in the past year from online auctions hosted at 47 locations around the country, Manheim announced.
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Manheim will open six smaller auctions in areas the company views as "underserved markets," including Alabama, Georgia, Illinois, North Carolina, West Texas, and Utah, Manheim has announced.
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KAR Auction Services, Inc. is hosting the National Auto Auction Association (NAAA) Safety Day at the company’s ADESA Boston auction on July 25. Here, leaders from NAAA member auction across the country will learn, listen and exchange best practices on how the industry can better address safety risks, according to a company announcement.
Read More →Remarketing and technology solutions provider KAR Auction Services Inc. announced the launch of a new website for its instaVIN business unit, which provides vehicle history and title history information for dealers, commercial customers and consumers.
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Among late-model cars, the most commonly stolen one is the 2016 Toyota Camry, according to the report from the National Insurance Crime Bureau.
Read More →Black Book's June Used Vehicle Retention Index that measures wholesale values increased 0.7 to 113 from the May level. The index has declined 4.5% in the past 12 months.
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