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Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
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Full-size pickups led vehicle depreciation in February, while mid-size cars, full-size cars, and utility vehicles held their value best, according to Black Book.
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Used commercial vehicle transactions of GVW 3-8 vehicles were just over 176,000 units during the last quarter of the 2015 calendar year, up 14.3 percent from the same time period in 2014 calendar year.
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Car shoppers now get a Carfax Vehicle History Report with every Chevrolet, Buick, and GMC Certified car, truck, and SUV at no-cost from the selling dealer.
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ADESA, Inc., has signed an agreement to acquire eight Brasher family auctions for $283 million under an agreement announced by parent KAR Auction Services.
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Vehicle depreciation is impacted by a number of factors, from supply and demand to overall economic conditions. While 2015 was relatively stable for depreciation, some challenges are on the road ahead.
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Residual values of full-size vans have remained strong while compact vans have weakened in the past year, creating a widening gap that has created two used van markets for fleet sellers.
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General Motors has launched its Factory Pre-Owned Collection portal to offer used Chevrolet, Buick, GMC, and Cadillac vehicles to online buyers.
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Used Full-Size SUVs depreciated the least, while compact vans and Subcompact Luxury CUVs fell hardest in the auction lanes during January, according to Black Book's monthly report.
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Element Financial Corporation has appointed Bill Cieslak and Paul Seger as vice presidents for its remarketing unit.
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The wholesale used-vehicle market finished 2015 stronger than expected with an average 13.2% depreciation rate for used vehicles two to six years old and trucks retaining their value 9% better than passenger cars on average.
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