Luxury vehicles, which experienced the biggest depreciation change among both light car and truck segments last week, continued to struggle last week, according to Black Book’s March 13 Market Insights.
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Delray Beach, Fla.-based FLD, Inc. has added an inspection template for industrial lift trucks to its OnceOVR Pro mobile app for completing vehicle condition reports, the remarketing services provider has announced.
Read More →Car lease credit applicants registered a 72.2% approval rate in February, a 33.3% increase from January’s 50% approval rate but flat with a year ago, according to Swapalease.com.
Read More →Black Book will begin offering the monthly Used Vehicle Retention Index to measure the strength of used wholesale market values, the company has announced.
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The Mitsubishi Mirage topped a list of the most affordable cars for retail leasing under a methodology that relies heavily on depreciation as a driver of total leasing costs.
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ACV Auctions, a mobile auctioning platform, has secured $15 million in venture funding, according to a company announcement. The company will use this new round of funding to expand its business into new territories.
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The XLerate Group has acquired Corry Auto Dealers Exchange (CADE) from Merle Swift, which marks the group's entry into the Pennsylvania auction market, the company has announced. Terms were not disclosed.
Read More →The National Auto Auction Association awarded XLerate Group Auctions with the Warren Young Scholastic Foundation award that signifies the auction group’s participation in the NAAA’s Auction Safety Certification and Lane Safety training program.
Read More →Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, has announced that it will be expanding into the Arkansas, Idaho, Indiana, Louisiana, Maine, Pennsylvania, and Oregon markets.
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Two- to six-year old vehicles depreciated 0.8% in February, with trucks and vans showing relative strength, while luxury and sporty cars again fell hardest, especially when compared to year-ago values, according to Black Book.
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