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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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LONDON/NEW YORK - Clayton, Dubilier & Rice, LLC recently announced a definitive agreement to acquire BCA, one of Europe's leading vehicle auctions and remarketing companies, from Montagu Private Equity.
Read More →TORRANCE, CA - The last day to submit nominations for Fleet Financials Magazine's 2010 Fleet Executive of the Year Award is Friday, Jan. 29.
Read More →TORRANCE, CA - Automotive Fleet magazine is now accepting nominations for the 2010 Professional Fleet Manager of the Year Award. Deadline to submit is Jan. 15.
Read More →DETROIT - General Motors Corp. and Penske Automotive Group have confirmed details of a proposed transaction under which Penske would acquire the Saturn brand, according to GM and Penske statements. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the customer-focused Saturn brand.
Read More →LOS ANGELES - Used-hybrid values have fallen over 25 percent as the demand for smaller, fuel-efficient vehicles has slowed, according to data from Kelley Blue Book (KBB). "More and more consumers base their purchasing decision on vehicle utility and price rather than fuel economy," said Juan Flores, director, vehicle valuation for KBB.
Read More →DETROIT - In a statement promising General Motors' "strong commitment" to fleet and commercial customers "remains unchanged," Jim Campbell, GM general manager fleet and commercial operations, addressed the automaker's June 1 bankruptcy filing.
Read More →EDEN PRAIRIE, MN - GE Fleet Services recently honored its top performing auction partners at an awards dinner Dec. 3 in Barrington, Ill.
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GIG HARBOR, WA - Frances Baese, a former 35-year employee for Buick, passed away unexpectedly, Nov. 16 in Gig Harbor, Wash. She was 86.
Read More →FREDERICK, MD - Thomas Spartan Bruce, a founding member of the National Auto Auction Association (NAAA), died Nov. 6 at his home. He was 92.
Read More →ATLANTA - Manheim is revving up its schedule of online sale events and special offers to help dealers get their inventory into the freshest possible shape before the end of the year.
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