News
Pickups and SUVs Drive Up New Car Prices in November
One tactic that OEMs are leveraging in order to offset some of this growth is the use of incentives.
Your Top Resource for Consignor and Auction News
Your Top Resource for Consignor and Auction News
One tactic that OEMs are leveraging in order to offset some of this growth is the use of incentives.
The average price for used fleet vehicles fell 2% at auction in October, but remained 6.1% higher than a year ago amid a strong month for wholesale prices, according to Tom Kontos, KAR Auction Services' chief economist.
Chad Bailey, president of Akron Auto Auction, has officially taken over as president of the National Auto Auction Association (NAAA).
Manheim has named Fredrick Standfield as senior vice president of its assurance and reconditioning group, according to a company announcement.
Vehicle values were stable last week. Seasonal trends and lower demand have accelerated depreciation higher than where it’s been for most of the year, but this recent week represented an improvement over the market’s performance two weeks ago.
ALG has named Subaru and Land Rover as the winners of its 2019 Residual Value Awards for the overall mainstream and premium brand categories, according to a company announcement.
Manheim has invested $1.8 million in a new 11,000 square-foot mechanic shop for Manheim San Antonio, according to a company announcement.
Prices for pre-owned sporty cars such as the Dodge Challenger fell by 3.3% in October, leading all segments in seasonal depreciation, according to the latest report from Black Book.
Bobit Business Media has been acquired by Gemspring Capital, a middle-market private equity firm. Bobit, which bought HDT in 2012, was founded by Ed Bobit in 1961 with Automotive Fleet and today is a successful business-to-business media company in the fleet, transportation, beauty, and law enforcement industries.
Lease credit applicants registered a 70.9% approval rate in October on Swapalease’s marketplace, according to a company announcement.