A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
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Ford's decision to idle production of its F-150 pickup this week has followed several months of slowing demand in retail and fleet channels and may point to a larger trend in pickup sales.
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Whether a seasonal trend or a sign of things to come, Black Book recorded the largest year-to-date weekly decline in car values last week. Trucks also recorded a sizable drop in values.
Read More →AiM and Manheim have completed the North American rollout of AiM software to 79 Manheim locations in the United States, Canada and Puerto Rico, according to a company announcement.
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Manheim's investment plan focuses to improve three of its Chicago-area locations: Manheim Chicago, Manheim Arena Illinois, and Manheim Milwaukee.
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Wholesale used-vehicle prices average $10,734 in September, which was flat with August but up 5.1% from a year ago, according to ADES Analytical Services.
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ADESA has appointed Michael Schenks, Ron Schritenthal, Dan Watt, and Rod Thompson.
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Cox Automotive has appointed Joe George as senior vice president of Manheim Vehicle Solutions. He will be responsible for strategy to execution, driving the wholesale and retail solutions long-term plan related to reconditioning, imaging purchase protection and inspections.
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Full-size pickup truck retention rates for model-year vehicles older than two years showed a slight decrease this year after steadily increasing for the last five years.
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The IARA has announced the founding of the Social Media Committee, which was created to streamline the IARA’s social media presence as a means to promote developments within the organization.
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