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IHS: EV Sales Reach Record Highs

IHS: EV Sales Reach Record Highs

The U.S. market for fully electric vehicles has reached record volumes with 208,000 new registrations in 2018, all while loyalty rates of EV buyers continues to grow, according to recent analysis by business intelligence firm IHS Markit.

April 19, 2019

New-Vehicle Affordability Crunch Benefiting CPO Sales
ADESA Replaces LiveBlock with Simulcast

ADESA Replaces LiveBlock with Simulcast

ADESA is replacing its LiveBlock service with ADESA Simulcast, giving its customers an expanded method of joining live sales online, the company announced.

April 16, 2019

Weekly Values Show Spring Bounce Continues

Weekly Values Show Spring Bounce Continues

Overall car segment values last week were up 0.29%, compared to up 0.25% the week before. Overall truck segment values were up 0.19% last week, compared to a decline of 0.01% the week before.

April 16, 2019

Used Fleet Vehicle Values Rise 2.3% in March

Used Fleet Vehicle Values Rise 2.3% in March

The spring / tax season market uptick helped make March a strong month for used vehicle sales, and late-model sedans from fleet leasing consignors continue to outperform their SUV/CUV counterparts, according to Tom Kontos, KAR's chief economist.

April 15, 2019

Cox Automotive Invests $30M in 3D Imaging Company

Cox Automotive Invests $30M in 3D Imaging Company

The investment will benefit Cox's Manheim by creating a partnership that will provide Manheim with 3D, 360-degree images, of the vehicles available on Manheim's online marketplace.

April 15, 2019

Open Recalls Fall 8% in 2018

Open Recalls Fall 8% in 2018

There are presently 52 million vehicles with open recalls on the nation’s roadways, a significant decline from the 63 million in 2017 and the 57 million in 2018, according to the latest annual findings from Carfax.

April 15, 2019

Manheim Orlando Gets $4.8M Recon Center

Manheim Orlando Gets $4.8M Recon Center

Manheim cut the ribbon on a new, 80,000-square-foot body shop and reconditioning center at the auction provider’s Orlando, Fla., center Tuesday. The new facility is the product of a nearly $5 million investment in Manheim’s second largest wholesale location.

April 11, 2019

2019 Depreciation Rate Up Sharply to 15%

2019 Depreciation Rate Up Sharply to 15%

Black Book analysts forecast an annual depreciation rate of 15% in 2019 as the supply of used cars and trucks increases, up from a "noticeably strong" 12.4% depreciation rate in 2018.

April 11, 2019

IAA Opens Fourth South Carolina Location

IAA Opens Fourth South Carolina Location

Insurance Auto Auctions, Inc. has opened IAA Lexington, its fourth location in South Carolina, in order to accommodate its newly expanded customer volume needs.

April 10, 2019

Spring Bounce Overrides Slow Tax Season at Auctions

Auto Loan Interest Rates Hit 10-Year High

The annual percentage rate on new financed vehicles is expected to average 6.36% in March, compared to 5.66% last year and 4.44% five years ago, according to the latest report from Edmunds.

April 9, 2019

Black Book's Retention Index Down 0.6% in March

Valuation and forecast solutions provider Black Book’s Used Vehicle Retention Index registered 113.8 for March, a 0.6% decline from February (114.5) but a 1.7% improvement from March 2018 (112.0).

April 9, 2019

Weekly Sedan Values Lifted by Spring Market

Weekly Sedan Values Lifted by Spring Market

Truck and car values both saw a bump last week, as the spring market continues to lift overall values, according to Black Book's April 8 Market Insights report.

April 9, 2019