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August 26, 2010 - Industry News

Pickups and Vans Resale Values Are Strong

Prices for mid-size cars coming out of commercial fleets fell lower in June and July after hitting new records the previous three months.

Tags: auction, new vehicle sales, used vehicle sales, wholesale used vehicle prices

July 15, 2010 - Industry News

Black Book: "Very Positive Retention Value" for New Diesel Engines

These power plants, at a significant premium cost over the gas engines, from $7,200 to $7,800 when new, have a very positive retention value, currently at $7,400 for a used three-year-old model.

Tags: diesel engines, gas engine, pickup trucks, used-vehicle market

June 9, 2010 - Industry News

Economy, Cheap Gas Drive Market Demand

Affordable gas prices keep truck and SUV demand high while hybrids soften. The continued negative economic outlook drives strong subcompact and compact values.

Tags: hybrid vehicles, Kelley Blue Book, residual values, used vehicle sales

June 2, 2010 - Industry News

2013 Gas Prices Will Affect Residual Values of Mid-Compacts and Premium Fullsize SUVs

ALG forecasts gas prices to hit over $4 per gallon in three years, which will positively impact the used auction values of the mid-compact segment, but negatively impact the premium fullsize SUVs segment.

Tags: fueling, residual values

May 6, 2010 - Industry News

ALG Residual Values: SUVs Up, Compacts Down

Lower gas prices and a change in consumer attitudes have generated an increase in sales and residual values of premium vehicles and full-size SUVs.

Tags: ALG, residual values

May 6, 2010 - Industry News

OPENLANE Achieves 1Q Record in Remarketing Vehicles

The Internet remarketer sets a new repossessed vehicle sales record in the first quarter this year.

Tags: Online Auctions, OPENLANE, remarketing vehicles

March 25, 2010 - Industry News

Black Book: Used Truck Market on Five-Week Rise

Thirteen of the 14 truck segments increased this week, while the full-size crossover segment continued to struggle for the seventh consecutive week.

Tags: auction, Black Book, used-vehicle inventory

March 25, 2010 - Industry News

NAAA Advises to Check for Open Recalls Prior to Remarketing

Since auctions are unable to monitor the recall status of every vehicle for sale, the responsibility falls to auction buyers and remarketers.

Tags: National Auto Auction Association, remarketing, vehicle recall

June 9, 2009 - Industry News

GM to Honor Commitments to Fleet Customers as Medium-Duty Truck Production Ceases

2009 TopKick

DETROIT – Jim Campbell, general manager, GM Fleet and Commercial Operations, reassured fleet customers sold orders for the Chevrolet Kodiak and GMC TopKick would be filled through the end of July.

Tags: GM, GM Fleet and Commercial Operations, Kodiak, medium-duty trucks, production halt, Topkick

June 5, 2009 - Industry News

GM & Penske Outline Proposed Purchase of Saturn Brand

DETROIT – Penske would obtain the rights to the brand as well as certain other Saturn assets, while General Motors would continue production, on a contract basis, of the Saturn Aura, Vue, and Outlook.

Tags: General Motors Corp., Penske Automotive Group , proposed acquisition, Saturn

June 1, 2009 - Industry News

GM Remains 'Committed to Fleet and Commercial Customers'

DETROIT – General Motors promised "strong commitment" to fleet and commercial customers "remains unchanged," according to Jim Campbell, GM general manager fleet and commercial operations, in a statement addressing the automaker's June 1 bankruptcy.

Tags: Bankruptcy, Chapter 11 filing, GM

January 5, 2009 - Industry News

Ryder to Acquire Edart Leasing in Northeast U.S.

MIAMI – Ryder System, Inc. has reached an agreement to acquire substantially all the assets of the full service truck leasing, commercial truck rental, and contract maintenance businesses of Edart Leasing Company.

Tags: acquisition, agreement, Edart Leasing Company LLC, Ryder System, Inc.

November 20, 2008 - Industry News

Ford Sells Part of Its Stake in Mazda

The two companies will continue its partnerships with Ford owning as much as 13 percent of Mazda.

Tags: Ford, Mazda Motor Corp.

November 20, 2008 - Industry News

Ford Updates Mustang for 2010

At launch, customers can choose from a V-6 or V-8 with their choice of coupe, convertible or innovative glass roof, plus several new customization options.

Tags: 2010, Ford Mustang, horsepower, V-8 engine

November 13, 2008 - Industry News

Average Wholesale Price at 13-Year Low, But Look for Restoration in Confidence

The credit crisis might continue to cause softening in wholesale values for the rest of the year and into next year.

Tags: ADESA, CNW Research, full-size SUVs, Pickups

October 23, 2008 - Industry News

Wholesale Used-Vehicle Prices Flat, but SUV and Pickup Prices on the Rise

The used-vehicle market is feeling the impact of double-digit year-over-year declines in retail sales resulting from a lack of traffic and diminished credit availability.

Tags: Credit, Kontos, retail sales, used vehicle

October 14, 2008 - Industry News

10 Tips for Selling Your Car Online

The most important things to know when selling your car online.

Tags: Online, sell, used car

October 14, 2008 - Industry News

Black Book Describes Wholesale Market as ‘Tough’

Luxury, highline cars are among the vehicles with the largest adjustments.

Tags: adjustments, Black Book, luxury, wholesale market

August 29, 2008 - Industry News

Get a Sneak Peak of Green Fleet Vehicles in the Near Future

TORRANCE, CA - The first-ever Green Fleet Conference in Chicago Sept.15-16 will open with a keynote speech on fuel-efficient and emissions-reducing models to come in 2009-2011.

Tags: discount, Green Fleet Conference

August 19, 2008 - Industry News

Production Begins of All-New Ford Fiesta

COLOGNE, GERMANY – Volume production of the new Ford Fiesta, the first of a generation of new global small Ford cars, has started at the company's Cologne plant in Germany.

Tags: Cologne plant, Ford Fiesta, Germany

August 12, 2008 - Industry News

OPENLANE Expands Partnership with ARI with Online Remarketing Program Launch

MENLO PARK, CA – The new program enables dealers to ground and purchase ARI vehicles directly from OPENLANE online auction.

Tags: ARI, OPENLANE, Inc.

July 8, 2008 - Industry News

EPA Debuts New Campaign to Help Drivers Save Fuel/Money and Protect the Environment

WASHINGTON – The U.S. Environmental Protection Agency is launching the SmartWay Leaf Campaign to encourage purchases of SmartWay-certified cars and trucks.

Tags: EPA, SmartWay Leaf Campaign

June 27, 2008 - Industry News

Chrysler’s New Web Site Helps Fleets ‘Stay in the Know’

AUBURN HILLS, MI – Chrysler's new fleet Web site has been completely redesigned with revised content to help keep fleets informed and up-to-date.

Tags: Chrysler Motors Fleet Operations, fleet Web site

June 19, 2008 - Industry News

GM Certified Used Vehicles National Inventory Goes Live on New eBay Motors CPO Showroom

DETROIT – GM Certified Used Vehicles’ 60,000-plus-vehicle inventory from 3,900-plus U.S. dealers is now listed on eBay Motors (www.ebaymotors.com).

Tags: GM Certified Used Vehicles, vehicle inventory

February 7, 2008 - Industry News

Kelley Blue Book Launches InfoDriver

IRVINE, CA – Kelley Blue Book (www.kbb.com) has launched InfoDriver, an expanded and redesigned data syndication solution providing third-parties access to 82 years of Kelley Blue Book data and information.

Tags: InfoDriver, Kelley Blue Book, trade-in values

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