Wholesale used vehicle prices rose for the sixth month in a row in October, increasing by 1.02%, according to Manheim’s October Used Vehicle Value Index. This brought the index to 136.3, an 8.1% rise from a year ago.
Read More →
Both cars and trucks saw a noticeable rise in depreciation last week, according to Black Book’s Nov. 6 Market Insights report.
Read More →
The firm attributed the strong vehicle retention in October to increased replacement activity stemming from Hurricanes Harvey and Irma. However, the increased replacement activity seen in October is expected to be the last boost to come from the hurricanes.
Read More →
With the number of off-lease vehicles coming into the used car market projected to grow in the coming years, it might be the time for used car leasing to make a return, which would boost demand and price at wholesale for several used car segments, according to Swapalease.com.
Read More →
Average wholesale values saw little change last week compared to the week before it, with depreciation falling in both the car and truck segment, according to Black Book’s Oct. 30 Market Insights report.
Read More →
Average wholesale prices for used fleet lease vehicles increased 0.2% in September from the prior month and 3.6% from the prior year in a market that was bolstered by dealer demand in hurricane-stricken regions, according to Tom Kontos, KAR Auction Services' chief economist.
Read More →
Black Book will begin offerings it valuation data AutoAlert, a data-mining and communication solution, under a new partnership. Under this agreement, Black Book will populate AutoAlert’s algorithms with its proprietary vehicle values, the company has announced.
Read More →
While average wholesale prices in Houston remain elevated, vehicles throughout the rest of the country saw higher rates of depreciation last week, according to Black Book’s Oct. 16 Market Insights report.
Read More →
The average price of used vehicles model years 2012-2016 fell 0.7% in September, with the lion’s share of that depreciation coming from the car segment, according to Black Book. As of September, all vehicles are averaging a 12-month depreciation of 14.5%.
Read More →
Although bidding activity has begun to slow down after weeks of increased lane activity after the recent hurricanes, overall segment depreciation remains at steady levels, according to Black Book’s Oct. 9 Market Insights report.
Read More →
