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After increasing slightly in November, wholesale used vehicle prices declined 0.6% in December. The Manheim Used Vehicle Value Index now stands at 121.7, a decline of 1.9% from a year ago.
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Black Book’s Ricky Beggs reports that average values for both cars and trucks increased for the first time this year.
Read More →Double whammy: New-vehicle inventory falls below 1 million units in September while the average new vehicle price tops $45,000 for the first time.
Read More →The collaboration will allow Hertz to leverage its electric vehicle fleet and build its global electric vehicle charging infrastructure.
Read More →For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
Read More →As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
Read More →Activity in pricing adjustments was ‘pretty substantial,’ reports Ricky Beggs, managing editor of Black Book, adding that with more than 2,300 vehicles adjusted each day throughout the week, the trend is very similar to the previous two weeks.
Read More →Available inventory is still down 62% behind the same period in 2020. The days' supply as of December remained 48% below Dec. 2020.
Read More →Kline Corporation announced this week the company is refocusing its remarketing division with the addition of Brian Westphal as internet marketing director.
Read More →The average price paid for a new non-luxury vehicle in December 2021 was $43,072, slightly down from the record high set in November but still $900+ over sticker.
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