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Supply has picked up, as have sales in nearly every vehicle segment.
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Commercial vehicle sales and marketing platform offers solutions.
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Work Truck Solutions’ latest annual report finds cutaway, cargo, and upfitted vans combined to account for 35% of all commercial-vehicle searches in 2018, more than any single truck type.
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The overall used-vehicle market continues to do very well, bucking the seasonal trends seen in previous years, Black Book reported this week.
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Subcompact crossovers joined the full-size vans and minivans as the truck categories registering the steepest declines in value last week, while subcompact cars joined full-size cars and sporty cars as the depreciation leaders in the car segment.
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Ford CEO Jim Hackett said on Tuesday the automaker plans to reduce engineering costs by 50% through 2022. Ford will also shift investment into trucks and electrified vehicles, and reduce costs and investment in sedans and internal combustion engines.
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Depreciation trends stabilized to close out 2016, with depreciation rates for all cars and trucks falling into seasonal patterns, Black Book reported this week.
Read More →Volume weighted, overall car segment values decreased by 0.46% the week of Nov. 4, which was lower than the 0.7% depreciation rate recorded during the four weeks prior. For the truck segment, values decreased by 0.34%, slightly lower than the 0.58% rate recorded during the previous four weeks.
Read More →A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
Read More →According to Edmunds estimates, nearly 75% of Tacoma trade-ins this year have gone toward the purchase of another Tacoma. The popularity of Tacoma pickups, the study added, pushed Toyota’s overall truck loyalty rate to about 70%.
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