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.
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.