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April 12, 2012 - Industry News

Kontos: March Auction Prices Beat Seasonal Pace

<p>Source: ADESA Analytical Services</p>

Average auction prices climb above $10,000 for the first time since June 2011.

Tags: ADESA, auction prices, KAR Auction Services Inc., Tom Kontos, used car prices

March 23, 2012 - Industry News

Used Compact Car and Hybrid Values Heading Upward, KBB Reports

KBB stated that in 2011, fuel-efficient vehicle values hit record levels when gas prices approached $4 per gallon, and if prices continue to rise, the company expects to see a similar trend this year and for values to increase within the next 30 to 60 days.

Tags: hybrid vehicles, Kelley Blue Book, resale value

March 21, 2012 - Industry News

Video: Ricky Beggs from Black Book Says Used Car Market Staying Strong

Black Book’s Ricky Beggs reports that average values for both cars and trucks increased for the first time this year.

Tags: Black Book, Ricky Beggs, used car market, used car prices

March 21, 2012 - Industry News

Website Launched for Sale of Pre-Owned Alternative-Fuel Vehicles

The Sales NetWork launched a new website for customers looking to buy and sell used alternative-fuel vehicles and equipment.

Tags: alternative-fuel vehicles, biodiesel, CNG vehicles, electric vehicle, Ethanol, hybrid sales, hybrid vehicles, propane autogas, The Sales Network

February 23, 2012 - Industry News

J.D. Power and Associates Study: MY-2009 Vehicles Exhibit High Quality, Ongoing Dependability

WESTLAKE VILLAGE, CA — MY-2009 one of the toughest years in automotive history have exhibited strong quality, translating into ongoing dependability. This was the conclusion of J.D. Power and Associates 2012 U.S. Vehicle Dependability Study (VDS).

Tags: 2009-MY, 2012 Vehicle Dependability Study, Ford, Hyundai, J.D. Power, Lexus, Nissan, Toyota

November 30, 2011 - Industry News

Toyota Takes KBB’s Title for 2012 Best Resale Value Brand

Every year Kelly Blue Book announces the “Best Resale Value Awards” for the best overall brand, luxury brand and vehicles by category.

Tags: Kelley Blue Book, resale value

November 18, 2011 - Industry News

ALG Announces Annual Residual Value Award Winners

SANTA BARBARA, CA – ALG announced its 13th Annual Residual Value Awards, which honor vehicles in specific segments that the company predicts will retain the highest percentage off MSRP after a three-year period.

Tags: ALG, Residual Value Awards, residual values

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 market

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 sales

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 electric 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: Auction, 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

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: NAAA, recalls, Remarketing

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: General Motors Corp., 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, 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: General Motors Corp.

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, Ryder

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: Mazda

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: V8 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, pickup trucks

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, retail sales, Tom Kontos, used vehicle sales

October 14, 2008 - Industry News

10 Tips for Selling Your Car Online

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

Tags: used cars

October 14, 2008 - Industry News

Black Book Describes Wholesale Market as ‘Tough’

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

Tags: Black Book, luxury vehicle, wholesale market

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