GM Financial reported $202 million in net income in the first quarter of 2017, a 23% increase over the same time last year, despite pressure on used-car values, the company has announced.
Read More →A 0.5% on a month-over-month increase in wholesale used vehicle prices (on a mix-,mileage, and seasonally adjusted basis) in April, brought Manheim’s Used Vehicle Value Index to 124.7%, representing a 1.6% year-over-year increase and the first time this year that the index has risen on a month-over-month basis, according to the company.
Read More →
Carvana has raised the total number of markets it where it offers one-day delivery to 25 with its expansion into Chicago, according to a company announcement.
Read More →Donlen recently announced the recipients of its 2016 Top Auction Awards, according to a company announcement. Manheim Mississippi took home top honors as the recipient of the Auction of the Year award, however, seven other auctions also received awards.
Read More →Copart will be expanding its Altoona auction located in Ebensburg, Pa. in order to bolster its storage capacity in the state, the company announced in a statement.
Read More →
Trucks outperformed cars last week, driven in large part by the strength of compact vans, according to Black Book’s May 8 Market Insights report.
Read More →
First announced in September of last year, Cars.com's separation from TEGNA as its own publicly traded company will be completed on May 31; shares of the new separate company will begin regular trading on the New York Stock Exchange (NYSE) the next day.
Read More →
Used vehicle values increased slightly in April as tracked by Black Book's Used Vehicle Retention Index that measures values of 2- to 6-year old vehicles, according to the company.
Read More →Full-size cars and compact vans continued to thrive, with wholesale values increasing by 0.46% and 0.39% respectively over the prior week period, according to Black Book’s May 1 Market Insights report.
Read More →
Wholesale market values remain healthy as overall car values continue to increase and truck values remain flat, according to Black Book’s April 25 Market Insights report.
Read More →
