VR Reporter: 11-12-2018

REPORTER

Other factors contributing to higher prices in the used market are the higher prices that...

Used-Car Prices Reach 13-Year High in Third Quarter

Used vehicle prices reached $20,084 in the third quarter of 2018, representing a 3.5% year-over-year increase, and the highest price since 2005.

Manheim is expanding its use of mobile auctions at dealerships in the northeast, Midwest,...

Manheim Expanding Mobile Auction Network

Manheim has expanded its mobile auction network this year, and plans to expand its network further into new cities in the northeast, Midwest, mid-Atlantic, and southeast in order to meet dealer and consignor demand for remarketing options in those cities.

Compact Van Values Dip at Start of November

Wholesale compact van values experienced the biggest decline at auction last week, depreciating 1.03% week-over-week.

Ford Motor Credit Exec Joins AFSA Board

Dale Jones, EVP of Ford Motor Credit has been elected chair elect of the American Financial Services Association (AFSA), according to a company announcement.

Sales into the three fleet segments in October increased 6.8% to 2.29 million.

Commercial Fleet Sales Increased 10.3% in October

Commercial sales increased 10.3% in October, while sales to government agencies increased 1%. Sales into daily rental increased 0.2%.

The new warranty option provides customers the ability to extend Peterbilt’s factory backed...

Peterbilt Provides Used Truck Warranty

Peterbilt announced a new warranty option for Red Oval Certified Pre-Owned truck customers.

GM Financial headquarters in Fort Worth, Texas.

More Loans, Fewer Leases for GM Financial in Q3

General Motors Financial Company Inc. reported operating lease originations for the nine months ended Sept. 30, 2018 at $17.3 billion, compared to $19.6 billion for the nine months ended Sept. 30, 2017.