U.S. residuals predicted to drop 4.2 percentage points, Black Book saysTue, 17, May 2016
Black Book predicts a drop of 4.2 percentage points in used-vehicle residual values over the next three years. New cars and trucks sold in the U.S. in May and June will retain about 47.8 percent of their sticker prices, down from the current 52 percent value for 3-year-old vehicles.
Full-size pickups depreciating faster (but not much)Mon, 16, May 2016
Prices of used full-size pickups are still high, but their rate of depreciation is quickening, analysts say. They blame the quickening price slide on two factors: a rising supply of used pickups and higher incentives on new pickups.
Manheim expands vehicle inspections to meet selling dealers' needsTue, 10, May 2016
Manheim is expanding its vehicle inspection services -- and testing enhancements to those services -- to accommodate the growing number of dealers who want condition reports on vehicles they buy and sell at auction, the company said today.
Is your dealership's service staff ready for an off-lease tsunami?Mon, 16, May 2016
The coming wave of off-lease vehicles means dealerships need to get ready now for not only more service work, but a shift in the nature of that work and who dealerships should hire to do it, experts warn.