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The average sale price for a 3-year-old used vehicle was $14,951 less than its new equivalent in the third quarter of 2019.
December 12, 2019
Through the partnership, more than 5,000 car dealers will gain the ability to list vehicles for sale, rent, or rent-to-own to ride share drivers who download the DriveItAway app.
December 11, 2019
Overall car segment values decreased 1.04% last week, compared to 0.91% the week before. Overall truck segment values decreased 1.18% last week, compared to 0.88% the week before.
December 10, 2019
This investment round brings Vroom’s total capital raised to $721 million.
December 9, 2019
Used financing increased 2.4% year-over-year and reached 55.15% in the third quarter of 2019.
December 6, 2019
The valuation analysts at Kelley Blue Book reported the estimated average transaction price for a light vehicle in the United States was $38,393 in November.
December 5, 2019
The estimated seasonally adjusted annualized rate of U.S. new vehicle sales continues to hover around the 17 million-unit mark after several major manufacturers enjoyed year-over-year improvements in November.
December 5, 2019
Several manufacturers offered attractive discounts and competitive pricing on compact cars and SUVs, while most luxury and full-size vehicle brands maintained their lease prices.
December 5, 2019
The last week of November continued the downward spiral in used vehicle values, marking the weakest month in two years for wholesale values.
December 4, 2019
Black Book found that gains among sporty cars (0.43%), compact cars (0.34%), and midsize cars (0.22%) kept retained values essentially flat compared with September (115.9), even as several truck categories showed losses.
December 3, 2019
ADESA UK won the IT Innovation Award at the 2019 GreenFleet Awards for its Intelligent Vehicle Inspection solution.
November 27, 2019
Wholesale values saw steep declines in both the car and truck segment last week, as the overall wholesale market continues to experience seasonal drops.
November 26, 2019
Wholesale prices in October tempered down from the high levels reached in August, according to J.D. Power’s November 2019 Used Car and Light Truck Guidelines Industry Update.
November 25, 2019
Millard H. “Skip” Wolfgang III, co-owner of Pennsylvania Auto Dealers' Exchange, died Nov.1 at his home in Virginia. He was 72.
November 22, 2019
Recovery Database Network and Clearplan — two business units of Kar Global — have made enhancements to their respective platforms.
November 21, 2019