Remarketing

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September 5, 2017 - Industry News

Audit: Utah District Should Improve Policies for Fleet Sales, Purchases

Photo via Pixabay

An audit by the State of Utah found the Lone Peak Public Safety District was at an increased risk of public funds being misused, including fleet vehicles being sold and purchased without proper documentation.

Tags: Audits, Fire Trucks, Procurement, Remarketing, employee sales, Fleet Policies

July 17, 2017 - Industry News

Vehicle Depreciation Shows Pockets of Strength at Midway Point

Photo of 2012 Tacoma courtesy of Toyota.

The average price of a used vehicle for model years 2012 to 2016 decreased in value 1.3%, slightly more than the 1.2% decrease in May, according to Black Book. The price of cars overall dropped 1.8%, while trucks decreased 0.8% in value in June. All vehicles are averaging a 12-month depreciation of 16.7%.

Tags: Black Book

July 10, 2017 - Industry News

Used Vehicle Values Keep Climbing Higher, Manheim Says

Screenshot via Manheim/YouTube.

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.

Tags: Manheim, Used Vehicles, Used Vehicle Values, Used Vehicle Sales, Cox Automotive

June 30, 2017 - Industry News

New-Vehicle Sales Down 2.3% in First Half of 2017

Photo via Creative Commons.

New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.

Tags: Remarketing, Used Vehicles, New Vehicle Sales, KBB

June 9, 2017 - Industry News

Used Vehicle Depreciation Accelerates in May

Photo of 2015 Ram ProMaster courtesy of FCA.

Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.

Tags: Depreciation, Remarketing, Black Book, Used Vehicle Sales

May 31, 2017 - Press Release

IronPlanet Announces Early Summer Cat Sale

IronPlanet announced a sneak peek into its upcoming Cat Online Summer sale, which takes place on June 7. Bidders will have over 300 pieces of quality, used Cat equipment to choose from.

Tags: Remarketing, Off-Road Equipment, Caterpillar, IronPlanet

May 18, 2017 - Press Release

IronPlanet CEO Named Finalist for Entrepreneur of the Year

The awards program, which is celebrating its 31st year, recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities.

Tags: IronPlanet, Awards, C-Suite

May 15, 2017 - Industry News

Smaller Cars Bolster April Depreciation

Photo of 2014 Transit Connect courtesy of Ford.

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.

Tags: Black Book, Depreciation, Used Vehicle Sales, Compact Cars

May 3, 2017 - Industry News

Small Car Depreciation Improves in April

Used vehicle values increased slightly in April as tracked by Black Book's Used Vehicle Retention Index that measures values of 2- to 6-year old vehicles, according to the company.

Tags: Remarketing, Black Book, Compact SUVs, Subcompact Cars, Compact Cars

April 25, 2017 - Industry News

Ford, Nissan Top Vincentric's Fleet Value List

Logo: Vincentric

Ford and Nissan vehicles appeared most prominently among the vehicles chosen as having the best fleet value by Vincentric for the 2017 model year, the firm that analyzes total cost of ownership announced.

Tags: Vincentric, Nissan, Ford, Awards, TCO, Operating Costs

April 17, 2017 - Industry News

Ky. Court May Cease Employee Surplus Sales

The Kentucky Administrative Office of the Courts is under investigation for its employee-only surplus sales, in which the office's 225 employees were invited to purchase old furniture, computer equipment, and vehicles.

Tags: Remarketing, Surplus Vehicles, Kentucky

April 7, 2017 - Industry News

Used Vans, Cars Bolster March Depreciation

Photo of 2014 Chevrolet Express courtesy of GM.

Used cars outperformed trucks in March, as full-size pickups, compact vans, compact cars, and sporty cars increased in value, while as overall used vehicles depreciated 0.6%, according to Black Book.

Tags: Remarketing, Black Book, Compact Vans, Large Pickups

April 4, 2017 - Press Release

IronPlanet to Host Heavy Equipment Auction in Iowa

IronPlanet, an online marketplace for selling and buying used equipment and other durable assets, will host a Cat Auction Services Unreserved Public Auction that will include over 200 pieces of used equipment.

Tags: Remarketing, IronPlanet, Online Auctions, Heavy Equipment

March 29, 2017 - Press Release

IronPlanet Updates allEquip Format

IronPlanet, an online marketplace for selling and buying used equipment and other durable assets, debuted its next generation allEquip fixed and negotiated pricing format.

Tags: Financing, IronPlanet, TruckPlanet, GovPlanet

March 16, 2017 - Industry News

Auction Academy Expands Training Program

File photo of an Auction Academy class

The Auction Academy is expanding its training to include commercial and government fleet managers, commercial account representatives, and dealers for the first time in its five years of existence, the continuing education organization has announced.

Tags: Training, Continuing Education, Auction Academy

March 8, 2017 - Press Release

IronPlanet Sets Online Bidding for Auctions America's Fla. Event

Online bidding for Auctions America’s annual Fort Lauderdale, Fla. event will be available via IronPlanet.com, the company has announced.

Tags: Remarketing, IronPlanet, Auctions America, Online Auctions

March 8, 2017 - Industry News

Used Vehicles See Lighter Depreciation in February

Photo of 2015 Ram ProMaster City compact van courtesy of FCA.

Two- to six-year old vehicles depreciated 0.8% in February, with trucks and vans showing relative strength, while luxury and sporty cars again fell hardest, especially when compared to year-ago values, according to Black Book.

Tags: Depreciation, Black Book

February 27, 2017 - Industry News

Vehicle Depreciation to Reach 17.8% in 2017

Chart courtesy of Black Book.

The vehicle depreciation rate will reach 17.8% in 2017 on 17 million new-vehicle sales, slightly higher than the 17.3% mark recorded in 2016, according to latest forecast from Black Book and Fitch Ratings. Prior to the Great recession, annual depreciation trended between 16% and 18%.

Tags: Remarketing, Black Book, Used Vehicles, Fitch Ratings

February 23, 2017 - Industry News

IronPlanet Debuts Marketplace Direct Platform

Screenshot from Iron Planet Marketplace Direct website.

IronPlanet has debuted a new Marketplace Direct platform that offers advanced, self-listing functionality for larger-scale equipment sellers.

Tags: Remarketing, Online Auctions, IronPlanet, Cloud-Based Technology

February 10, 2017 - Press Release

IronPlanet to Hold Four-Day Equipment Auction

IronPlanet is organizing a four-day auction featuring a wide range of late-model, low-hour equipment from Caterpillar, Volvo, John Deere, Komatsu, JLG, Genie and more. The event will run from Feb. 13 to 17 and take place in Kissimmee, Fla.

Tags: Remarketing, IronPlanet, Heavy Equipment, Auctions

February 10, 2017 - Industry News

Pickups Show Lowest January Depreciation

Photo of 2015 Chevrolet Colorado courtesy of GM.

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.

Tags: Depreciation, Remarketing, Black Book, Used Vehicle Sales

February 7, 2017 - Industry News

ALG Sets Bolt EV's Residual Value

Photo of 2017 Chevrolet Bolt EV by Paul Clinton.

The 2017 Chevrolet Bolt EV should retain as much as 39% of its value after three years of retail leasing, which is significantly better than other mainstream competitors, according to ALG.

Tags: Chevrolet Bolt EV, Chevrolet, ALG, Residual Values, Battery-Electric Vehicles, Remarketing

February 1, 2017 - Industry News

Pickup Truck Auction Values Finish 2016 Strong

Auction values for one- to three-year-old vehicles fell a substantial 6.8%, or $1,146 per unit, in the fourth quarter of 2016.

Analysts at Kelley Blue Book reported that average values for one- to three-year-old pickup trucks have remained strong as a result of high demand at auction, despite fuel prices peaking in December 2016.

Tags: Kelley Blue Book, Pickup Trucks, Mid-Size Pickups, Auctions, Large Pickups

January 18, 2017 - Press Release

IronPlanet Announces Cat Auction in Houston

IronPlanet, an online marketplace for selling and buying used equipment and other durable assets, rolls in to the Houston area on Feb. 1 for its first major Cat Auction Services Unreserved Public Auction of the of the year.

Tags: Online Auctions, Auctions, IronPlanet, Heavy Equipment, CAT Auction Services

January 12, 2017 - Industry News

IronPlanet Real-Time Tech to Streamline Auction

IronPlanet is adding real-time on-site event management and mobile connectivity features to several aspects of an upcoming sale at its Florida Cat Auction Services Unreserved Public Auction.

Tags: Online Auctions, IronPlanet, Mobile Apps

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