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Open Recalls Fall 8% in 2018

The number of vehicles on U.S. roads with an open recall fell significantly in 2018.

There are presently 52 million vehicles with open recalls on the nation’s roadways, a significant decline from the 63 million in 2017 and the 57 million in 2018, according to the latest annual findings from Carfax.

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Manheim Orlando Gets $4.8M Recon Center

Executives, employees, clients, local business leaders, and elected officials gathered April 9...

Manheim cut the ribbon on a new, 80,000-square-foot body shop and reconditioning center at the auction provider’s Orlando, Fla., center Tuesday. The new facility is the product of a nearly $5 million investment in Manheim’s second largest wholesale location.

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2019 Depreciation Rate Up Sharply to 15%

In a new report published in partnership with Fitch Ratings, Black Book analysts say a growing...

Black Book analysts forecast an annual depreciation rate of 15% in 2019 as the supply of used cars and trucks increases, up from a "noticeably strong" 12.4% depreciation rate in 2018.

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Auto Loan Interest Rates Hit 10-Year High

The annual percentage rate on new financed vehicles is expected to average 6.36% in March, compared to 5.66% last year and 4.44% five years ago, according to the latest report from Edmunds.