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Are We Reaching a Used Car Segment Tipping Point?

Are We Reaching a Used Car Segment Tipping Point?

The used car market has adopted a Swiss Army-knife approach to managing the “off-lease tsunami,” which turned into a manageable rising tide. Are new market dynamics breathing life into a segment left for a dead, the midsize sedan?

November 18, 2019

Enterprise Names Annual Auction Achievement Recipients
Enterprise Car Sales Joins SiriusXM Pre-Owned Program

Enterprise Car Sales Joins SiriusXM Pre-Owned Program

Enterprise Car Sales has joined the SiriusXM Pre-Owned Program, meaning that customers who purchase a used vehicle from an Enterprise Car Sales location will be offered a three-month subscription to SiriusXM’s All Access audio package, according to a company announcement.

April 2, 2018

Used Vehicle Sales Increase 1.6% to 39.2M

Used Vehicle Sales Increase 1.6% to 39.2M

The used-vehicle industry reached a record-breaking 39.2 million in sales in 2017, representing a 1.6% year-over-year increase, according to the latest Used Car Report from Edmunds.

March 21, 2018

iBidSmart Launches Remarketing Service for Rental Companies
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

Manheim Used Vehicle Value Index Rises in Third Consecutive Month

Manheim Used Vehicle Value Index Rises in Third Consecutive Month

The streak continued in July, with the Manheim Used Vehicle Value Index recording its third consecutive record in July. Driven by the 0.75% month-over-month increase in wholesale used-vehicle prices, the index rose 2.6% from a year ago to 130.1, according to the firm.

August 7, 2017

Used Vehicle Values Keep Climbing Higher, Manheim Says

Used Vehicle Values Keep Climbing Higher, Manheim Says

The Manheim Used Vehicle Value Index hit a record high for the second consecutive month, as wholesale used-vehicle prices rose 1.1% month over month in June. The increase brought the Index to 129.3, a 2.5% increase from a year ago.

July 10, 2017

Used Vehicle Depreciation Accelerates in May
Smaller Cars Bolster April Depreciation

Smaller Cars Bolster April Depreciation

Used vehicles increased 0.4% in value in April, as buyers boosted the value of smaller cars, which have begun to shrug off several years of heavier declines, according to Black Book.

May 15, 2017

Used Car Market Bracing for Off-Lease Tidal Wave

Used Car Market Bracing for Off-Lease Tidal Wave

A record number of newer model year off-lease vehicles returning to dealer lots this year will be putting significant upward pressure on the late-model used market, according to the February 2017 Edmunds Used Vehicle Market Report.

February 16, 2017

Pickups Show Lowest January Depreciation

Pickups Show Lowest January Depreciation

Small and large pickups were among the top performing segments in January with a 1.1% depreciation rate among two- to six-year-old vehicles sold in auction lanes, according to Black Book.

February 10, 2017

Hertz to Sell Used Cars via Shift Website
Avis Budget Group Teams Up With TrueCar

Avis Budget Group Teams Up With TrueCar

Through this multi-year agreement, those in the market for a used vehicle can access Avis Budget Group's inventory of well-maintained off-rental vehicles through Truecar.com.

July 25, 2016

Car, Truck Market Show Broad Weekly Decline

Car, Truck Market Show Broad Weekly Decline

This week’s Black Book Market Insights report shows how the entire car and truck market showed broad declines this past week, with the exception of small pickups.

June 29, 2016