“It is expected that we will see more declines in the Index in the months ahead as we move deeper into the year, particularly driven by softness among car segments,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics for Black Book.
A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
A summer lull in used auction volume ended this past September, according to findings in NADA Used Car Guide's recent Commercial Truck Guidelines report.
Heavy and certain light and medium trucks make up the largest share of transactions for first three quarters of 2015, says IHS Automotive.
Element Fleet Management has appointed Art Cohen as manager of its Commercial Truck Center (CTC), located in Virginia Beach, Va.
Follow these common sense strategies before the acquisition decision, during ownership and prior to resale to help you hold the line on residual values.
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