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The average value of used fleet vehicles increased 1.5% to $13,758 in June from May, but remain 4.3% higher than a year ago, according to KAR Auction Services' ADESA unit.
July 17, 2019
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
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
Dave Angelicchio died on July 7 after battling cancer for three years.
July 8, 2019
Car values continued to weaken and truck values strengthened last week, as the summer months approach.
June 25, 2019
Used vehicles from fleet consignors in ADESA sales increased 2% in May to $14,043 and were 5.5% above a year ago, according to monthly commentary from Tom Kontos, chief economist for KAR Auction Services.
June 19, 2019
Over the past three years commercial remarketers have cut the time it takes to sell a vehicle from the moment it arrives at auction by five days.
June 11, 2019
KAR Auction Services Inc. has introduced a data-driven pricing tool called Pricing Insights designed to help fleet and other commercial consignors optimize pricing on wholesale vehicles.
June 6, 2019
Manheim Tucson has become the company's first all-digital auction.
June 5, 2019
Spring has come to an end, with cars declining in values greater than trucks.
June 4, 2019
With the exception of luxury vehicles, most vehicle segments saw stable values last week.
May 29, 2019
Sedan wholesale values are expected to improve as more SUVs and crossovers return to the used market. Meanwhile, SUV and crossover wholesale values are beginning to decline
May 23, 2019
Used vehicles from fleet consignors in ADESA sales increased 4.3% to $13,771 in April compared to March, and were up 4.4% from a year ago, according to monthly commentary from Tom Kontos.
May 23, 2019
Overall wholesale values remained stable last week, however, luxury values continued to decline last week.
May 22, 2019
Manheim made its first digital sale a little over 20 years ago. Over the past 20 years, the company's digital sales have grown from fewer than 100 annual digital sales to over 600,000.
May 17, 2019