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Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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SEARCHMENUSEARCHThe higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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SUVs, including the Compact, Full-size, Luxury, and Mid-size categories, made up four of the top seven best-performing vehicle segments for the month, according to a new report from Black Book.
Read More →Key factors affecting prices beyond the model-year changeover are a larger number of trade-ins, with 60 percent of new-car sales involving one, according to Black Book, and a greater supply of off-lease models.
Read More →Measuring at more than 6,600 square feet, the new office brings in all departments under one roof, allowing for increased efficiencies and a better customer service experience for clients.
Read More →The milestone vehicle was sold at Manheim Chicago, a wholesale vehicle auction operation, and the seller was the Chicago-based Turner Acceptance Corporation, a long-time Remarketing by GE customer.
Read More →Black Book’s Lender Solutions division analyzed historic vehicle segment data to develop retention level projections for the next 12 to 24 months.
Read More →Black Book released a report on depreciation rates for the month of June, noting that compact cars lead the pack in terms of depreciation for the month.
Read More →Manheim has released a report on used-vehicle sales for the first half of 2013, noting that wholesale used-vehicle prices have fallen 3 percent year-over-year, which is more in line with resale prices historically.
Read More →Black Book’s report noted that although used vehicles depreciated 1.3 percent across all segments in June, the mid-size pickup truck category saw depreciation of only 0.7 percent for model years 2007-2011.
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The CEI Group, Inc. has implemented enhancements to its salvage recovery technology that speed the process and further assure that clients will get the best price for their total-damage vehicles.
Read More →IHS Inc., a source of critical information and analytics, has signed a definitive agreement to acquire R.L. Polk & Co., which includes both divisions, Polk and CARFAX.
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