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Private Equity Firm Buys Majority Stake in XLerate Group
Cox Automotive Expands Mobility Services

Cox Automotive Expands Mobility Services

Cox Automotive has established a new mobility services unit that combines existing businesses, such as its Flexdrive subscription service, with its acquisition of Clutch Technologies' subscription software platform to deliver fleet management solutions for mobility fleets, the company has announced.

August 13, 2018

Manheim's Used Vehicle Values Rise 6 Straight Months

Manheim's Used Vehicle Values Rise 6 Straight Months

Wholesale used vehicle prices rose for the sixth month in a row in October, increasing by 1.02%, according to Manheim’s October Used Vehicle Value Index. This brought the index to 136.3, an 8.1% rise from a year ago.

November 8, 2017

Weekly Car and Truck Depreciation Rises
Black Book's Index Continues Upward March in October

Black Book's Index Continues Upward March in October

The firm attributed the strong vehicle retention in October to increased replacement activity stemming from Hurricanes Harvey and Irma. However, the increased replacement activity seen in October is expected to be the last boost to come from the hurricanes.

November 3, 2017

Weekly Wholesale Values Remain Flat

Weekly Wholesale Values Remain Flat

Average wholesale values saw little change last week compared to the week before it, with depreciation falling in both the car and truck segment, according to Black Book’s Oct. 30 Market Insights report.

October 31, 2017

October Depreciation Rates Seasonally Low

October Depreciation Rates Seasonally Low

Depreciation trends for both car and truck segments are seasonally lower than what is normally expected this time of year, according to Black Book’s Oct. 23 Market Insights report.

October 24, 2017

Hurricane Replacement Still Boosting Used Vehicle Prices

Hurricane Replacement Still Boosting Used Vehicle Prices

The average price of used vehicles model years 2012-2016 fell 0.7% in September, with the lion’s share of that depreciation coming from the car segment, according to Black Book. As of September, all vehicles are averaging a 12-month depreciation of 14.5%.

October 12, 2017

Used Vehicle Prices Expected to Rise Until End of Year

Used Vehicle Prices Expected to Rise Until End of Year

Wholesale used vehicle prices rose 2.77% in September on a month-over-month basis, which drove Manheim’s Used Vehicle Value Index up 6.3% from a year ago to 134.9, marking five months of consecutive growth.

October 6, 2017

Black Book Used Vehicle Index Rises in September

Black Book Used Vehicle Index Rises in September

Black Book’s Used Vehicle Retention Index increased from 112.6 to 113.9 in September, the largest month-over-month gain since March 2012, according to a company announcement.

October 3, 2017

Pickup Truck Interest Rises in the Aftermath of Hurricanes
Hurricanes Drive Down Weekly Wholesale Depreciation

Hurricanes Drive Down Weekly Wholesale Depreciation

The average wholesale value of cars and trucks saw little depreciation last week, as lane activity has increased as a result of the recent hurricanes, according to Black Book’s Sept. 25 Market Insights report.

September 26, 2017

Compact SUVs Remain in High Demand

Compact SUVs Remain in High Demand

In the car segment, luxury and sporty cars decreased the most in value last week, while mid-size vehicles showed a slight increase in value

September 19, 2017

Manheim Opens Fourth North Carolina Location

Manheim Opens Fourth North Carolina Location

Manheim Wilmington is the fourth permanent Manheim location in North Carolina. Manheim built the two-lane facility through a partnership with D&C Mitsubishi.

September 18, 2017

Salvage Auctions Estimate Volume of Hurricane-Damaged Vehicles
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