MANAGING PUBLIC SECTOR VEHICLES & EQUIPMENT
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Cars Depreciate 18.2% in 2015, Trucks Stay Hot

The wholesale used-vehicle market finished 2015 stronger than expected with an average 13.2% depreciation rate for used vehicles two to six years old and trucks retaining their value 9% better than passenger cars on average.

N.J.County Auction Generates $180K

A recent Monmouth County (N.J.) surplus auction generated $180,736 for the sale of 259 items, including 89 vehicles. The county has been exclusively conducting online auctions since 2008.

September Depreciation Flat, Truck Segments Show Strength

Used vehicles sold at auction declined 1.5% in value in September — a depreciation pace relatively unchanged from August — in a month that saw relative strength in some truck segments and compact cars continue their slide, according to Black Book.

IronPlanet Holds End-of-Quarter Auctions

IronPlanet, an online marketplace for buying and selling used heavy equipment and trucks, will hold its end-of-quarter auctions across its online marketplaces from September 22-25, 2015.