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
A significant part of the automotive value chain, Enterprise’s operations result in over 1 million used vehicles that become available for sale every year.
November 13, 2018
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
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 has launched a new platform that allows rental car companies to auction wholesale inventory directly to dealers.
January 17, 2018
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
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
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 prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.
June 9, 2017
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
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
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 plans to sell its used vehicles through its partnership with Shift, an online used car website that offers customers test drives.
December 13, 2016
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
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