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Bidding was strong ahead of presidents day, which helped truck and car used values improve slightly last week.
February 19, 2019
The average sale price for used vehicles from fleet leasing consignors increased 1.9% to $12,706 in January from the prior month and 3.9% from January of 2018, according to Tom Kontos, KAR's chief economist.
February 14, 2019
Three trucks and SUVs were listed as having the highest depreciation after a year in a recent report from iSeeCars.
February 14, 2019
This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact cars and midsize cars, in specific, saw the strongest growth among all vehicle segments and outperformed the overall market.
February 13, 2019
Subcompact crossovers, compact luxury crossovers/SUVs, and compact vans fell by 1.78%, 1.61%, and 1.55% last week, representing the highest depreciation among all vehicles.
February 12, 2019
The Bank of America digital car shopping and financing platform will now add more than 15,000 Carvana vehicles to its existing inventory of both new and used vehicles.
February 11, 2019
The addition of the new location was motivated, in part, by the company's commitment to adding vehicle storage capacity in California, said Copart CEO Jay Adair.
February 7, 2019
The two months of falling vehicle values may be an indicator of what depreciation might look like in 2019.
February 6, 2019
Depreciation for cars grew slightly last week, but overall values are continuing to stabilize, according to Black Book's Feb. 4 Market Insights report.
February 6, 2019
Manheim is adding personalized features to its online platforms in 2019.
February 6, 2019
Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by 0.42% last week. In comparison, the market values decreased by 0.58% on average during the prior four-week period.
February 5, 2019
Copart has opened a new 53-acre location in North Charleston of South Carolina.
February 1, 2019
KAR Auction Services, Inc. has completed the acquisition of CarsOnTheWeb.
February 1, 2019
Online sales of used vehicles in the wholesale market likely exceeded 2 million in 2018, as remarketing technology made it easier for dealers to evaluate, bid, and buy vehicles beyond physical auction locations.
January 30, 2019
The awards measure the cost-of-ownership of a vehicle using eight different cost factors: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs.
January 29, 2019