Russo and Steele will be offering the first functional Ford GT prototype at its January auction in Scottsdale, Ariz.
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David Alfonso, a remarketing manager at Kia Motors America, has announced he will retire from the company on Jan. 3.
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While trucks had greater overall depreciation this week compared to cars, luxury vehicle segments showed weekly increase in depreciation in both categories.
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KAR Auction Services, Inc. raised $242,884 for the United Way of Central Indiana (UWCI) during the company’s annual fundraising campaign.
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Barrett-Jackson will showcase its Salon Collection in Scottsdale, Ariz., which will include classic cars that were affiliated with renowned figures in pop culture.
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Readers of VehicleRemarket.com gravitated to trending topics such as managing depreciation, technological updates, General Motors' online used-vehicle program, truck depreciation, and lists of the best used cars by mainstream media outlets.
Read More →Edmunds.com is forecasting the sale of 1,629,011 new cars and trucks in December. If realized, the prediction puts the seasonally adjusted annual rate (SAAR) at 17.7 million, an 18.5% increase from the same time last year.
Read More →For the second time in 10 years, the Federal Reserve's Federal Open Market Committee unanimously voted to raise the federal interest rate on Wednesday, Dec. 14, increasing it by a quarter of a point to a range of 0.50% to 0.75%.
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In the past year, ServNet acquired four new auctions to its group, and expanded several existing locations.
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While truck segments retained their values better than cars, subcompact vehicle values in both car a truck categories showed steeper declines compared to all other vehicles.
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