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Used Fleet Vehicle Values Fall 2% in June

Used Fleet Vehicle Values Fall 2% in June

The average value of used fleet vehicles increased 1.5% in June from May, but remain 4.3% higher than a year ago, according to KAR Auction Services' ADESA unit.

July 17, 2019

Wholesale Depreciation Among Cars Accelerated Last Week
Used Vehicle Sales Fall 3% in June

Used Vehicle Sales Fall 3% in June

The used industry's seasonally adjusted annual rate (SAAR) was 39.8 million during June, down from the 41.1 million SAAR from the same time last year, according to Cox Automotive estimates.

July 15, 2019

Copart Opens Second Location in Connecticut
TradeRev Adds Features to Mobile App

TradeRev Adds Features to Mobile App

The new integrations are meant to enable greater access to trades, increase buyer confidence, and improve the dealer experience end-to-end, the company stated.

July 10, 2019

Depreciation Continues to Follow Seasonal Trend

Depreciation Continues to Follow Seasonal Trend

Wholesale vehicle depreciation continued to accelerate last week, a trend that is expected to continue for the next few weeks, as seasonal patterns take hold, according to Black Book's July 8 Market Insights report.

July 10, 2019

Used Vehicle Retention Index Ticks Up in June

Used Vehicle Retention Index Ticks Up in June

Black Book's latest Used Vehicle Retention Index for June (115) shows a 0.6% increase from May (114.4), which reflects an incremental improvement in used vehicle values.

July 9, 2019

IAA Appoints Board of Directors

Following its separation from KAR Auction Services, Insurance Auto Auctions (IAA) has announced the members of its board of directors.

July 8, 2019

New Car Prices Rise 3.1% in June
Late June Depreciation Slows Down

Late June Depreciation Slows Down

Lower depreciation among luxury cars helped decelerate overall car segment depreciation, while truck segment depreciation remained stable.

July 2, 2019

KAR Completes Salvage Business Separation
PAR Names New Sales Executive

PAR Names New Sales Executive

Drew Shull has been appointed as VP of sales and client experience, an appointment which aims to help create new client relationships and foster PAR's existing customer base.

June 27, 2019

Average Age of U.S. Vehicles Continues to Rise
KAR Rebrands Recently Acquired European Digital Auction Company