Detroit Auctions Vehicles to Decrease Debt
The City of Detroit is selling off more than 450 surplus vehicles through a two day auction in November.
The City of Detroit is selling off more than 450 surplus vehicles through a two day auction in November.
Used vehicles sold at auctions logged their highest depreciation this year in September, as 2009-2013 car and truck models fell 1.7 percent in value.
Remarketing commercial trucks online can save fleets time and money typically spent transporting trucks to physical auctions.
A lineup of new full-size commercial vans from Chrysler/Ram, Ford, and Mercedes-Benz will deliver significantly higher residual value that their counterparts from previous generations, according to ALG’s latest industry projection.
Overall depreciation for used vehicles from the past five model years improved slightly from July as the average value fell 1.3 percent in the month compared to 1.5 percent in July, according to Black Book's monthly report.
After a steeper decline to start 2014, depreciation is expected to settle into the range of 1 percent to 1.5 percent per month for the rest of the year.
The liquidation of assets owned by bankrupt electrical contractor Truland Systems is under way, with vehicles in the first sale including vans, trucks, and bucket trucks.
Used-vehicle depreciation slipped to 1.5 percent in July, as mid-size sedans led a sharper decline in value after a strong spring, reports Black Book.
Navistar, Inc. has launched its Diamond Renewed program, which puts International used trucks through a comprehensive inspection and mechanical reconditioning process.
Back-to-back sales at Brasher’s Northwest Auto Auction on Wednesday, August 6 and at Brasher’s Portland Auto Auction on Thursday, August 7 will include a combined total of more than 2,000, trucks, SUVs, and RVs.
AFC will advance 100 percent of a truck dealer’s auction purchases at more than 1,100 AFC-approved auctions and other inventory sources.
According to a recently released study, used truck volumes for May were down, particularly in the larger Class segments.
Combined new and used commercial vehicle (Class 3-8) registrations in the first quarter of the 2014 calendar year were 319,045 units, an increase of 5 percent over the same period in the 2013 calendar year
TruckPlanet, an online marketplace for buying and selling used commercial trucks, celebrates the one-year anniversary of its first online auction.
Insurance Auto Auctions, Inc. (IAA) announced the launch of the CSAToday by IAA mobile app for Android featuring Market Value.
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