Industry News

Shoppers on the Penske Used Trucks website can now see side-by-side comparisons of up to five trucks, Penske said, adding that site users will have faster access to inventory of Penske’s light-, medium- and heavy-duty trucks and used trailers.

Tags: Penske, commercial trucks, used vehicle sales, vehicle comparison, Used Truck

Post Hurricane Sandy, the used-car market is about to see changes that will slow down vehicle resale value depreciation and possibly even push up prices in some categories, according to Black Book’s Senior Analyst Ricky Beggs.

Tags: resale value, Black Book, used vehicle sales, Ricky Beggs, used car prices, Hurricane Sandy

Activity in pricing adjustments was ‘pretty substantial,’ reports Ricky Beggs, managing editor of Black Book, adding that with more than 2,300 vehicles adjusted each day throughout the week, the trend is very similar to the previous two weeks.

Tags: Black Book, used vehicle sales, Ricky Beggs, used car market, used car prices, used-truck sales, used tru

Resale values have been high for the past two years-plus in the wake of the automotive industry’s 2009 downturn, but recent values haven’t been quite as strong in a number of vehicle categories. As for fleet vehicle segments that are retaining value, core 'fleet' sedans, have resale values that are staying strong.

Tags: SUV, resale value, luxury vehicle, Black Book, hybrid vehicles, mid-size vehicle, used vehicle sales, Ricky Beggs, compact car, CAFE standards

Commercial vehicle market led by class 3 vehicle growth; diesel continues to dominate.

Tags: commercial fleets, vehicle registration, new vehicle sales, used vehicle sales, Polk

Ricky Beggs, managing editor of Black Book, presents the Oct. 31 edition of "Beggs on the Used Car Market." In his weekly video, he discusses the performance of the various car and truck market segments, and the possible role of changing fuel prices.

Tags: Black Book, Fuel Prices, used vehicle sales, Ricky Beggs, used car market, used car prices

Registrations of used commercial vehicles in the first half of the year reached 354,000, representing nearly 68 percent of the commercial vehicle market.

Tags: vehicle registration, used vehicle sales

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, wholesale market, new vehicle sales, used vehicle sales

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: Pickup trucks, diesel engines, gas engine, used vehicle sales

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

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

The new 3.9 percent incentive applies to the Pontiac G6 and Chevrolet Malibu certified used models.

Tags: used vehicle sales, General Motors Corp.

With the limited supply of used vehicles, shoppers can save as much as $8,460 by purchasing a new car instead of a used version of the same vehicle.

Tags: Edmunds.com, used vehicle sales

In his monthly used vehicle market conditions commentary, Tom Kontos of Adesa reports that wholesale used vehicle prices in September averaged $9,742 -- a 2.1 percent decrease from August but a 2.1 percent increase from September 2008.

Tags: ADESA, wholesale market, Cash for Clunkers, used vehicle sales

"The effect of a supply reduction of this magnitude could have an immense impact on these [used car] values in the short-term, exacerbating the already-limited supply at auction."

Tags: Kelley Blue Book, Cash for Clunkers, used vehicle sales

The used-truck segment also increased in value for the eighth consecutive week.

Tags: Black Book, used vehicle sales

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: Tom Kontos, Credit, Retail Sales, used vehicle sales

Fuel Efficiency and a clear vehicle history top consumer buying needs, study shows.

Tags: fuel, Carfax, used vehicle sales

Three year old used cars depreciated less in the three month period ending May 1, 2008 than in the previous three month period, which ended April 1, 2008, according to Black Book.

Tags: fuel, Black Book, vehicle depreciation, used vehicle sales

Prices in all used-vehicle segments were down or flat in the first quarter, contrary to the typical pattern of increasing prices at auctions in the January-through-March period.

Tags: Auction, used vehicles, NADA, used vehicle sales

The average values of vehicles produced between 2005 and 2003 dropped roughly 16 percent, from $17,345 to $14,441, since March 2007.

Tags: Black Book, used vehicle sales