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Prices for rental risk units were down 4.1% from a year ago, the lowest February level in three years. The Manheim Index for February finished at 123.3, a decline of 1.4% from a year ago.
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Average whole values fell again on a month-over-month basis in July, but they remain up on a year-over-year basis mainly due to the price strength of truck and continued growth of younger, lower-mileage, higher-priced off-lease supply, according to ADESA.
Read More →Enterprise Car Sales, a service of Enterprise Rent-A-Car, has opened two new locations to serve customers in the Phoenix area.
Read More →According to the latest Kontos Kommentary, average wholesale prices rose slightly. Falling car prices were offset by a rise in truck prices.
Read More →The June 2015 average rate quote was down $4.85 from a year ago, according to The Tennant Group and Rate-Highway’s 50-City rate survey. Last year, a spike in recalls caused rates to increase from the third week of June and all of July, but they dropped by the last week of July.
Read More →The string of year-over-year rate increases continues, but at a more moderate rate, according to Rate-Highway's monthly rate survey. In February, the rates increased to only $1.44 higher than a year ago.
Read More →In response to the recently recalled 2010 Toyota Prius, Kelley Blue Book has announced that the transaction price of the new Prius will drop by $1,000 to $1,500 on Feb. 12.
Read More →ALG, the benchmark for forecasting vehicle residual values, says a wave of newer vehicles will gradually bring resale values in line with prices before 2008’s economic downturn.
Read More →Wholesale used vehicle prices declined for the third consecutive month, a decrease of 1.6% from a year ago, according to the Manheim Used Vehicle Value Index. Rental risk units had the lowest average mileage since September 2014.
Read More →Wholesale used vehicle prices slightly increased in July, bringing the Manheim Used Vehicle Value Index to 124.1. After a four-month decline, the prices have inched up in June and July.
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