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Newsby AE eMagazineOctober 13, 2015

Depreciation On Pace to Reach 14% by Year-End, Black Book Reports

LAWRENCEVILLE, Ga. — The average price of a used vehicle for model years 2010-2014, according to Black Book, declined 1.5% in September, relatively unchanged from the 1.6% decline in August. Cars declined 2.3%, while trucks declined just 1% during the month. According to the firm, average depreciation should approach pre-recession levels (between 15% and 18%) ... Read More »

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Newsby AE eMagazineOctober 13, 2015

SouthwestRe Introduces the First Automotive Multi-Guard Protection Plan

ALBUQUERQUE, N.M.  – As most drivers know, an unexpected road hazard can damage tires and wheels, and ding a windshield in an instant. By the same token, a rolling shopping cart can quickly dent a car door. To help drivers guard against these problems, SouthwestRe announced today the release of a brand new product: the ... Read More »

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Newsby AE eMagazineOctober 9, 2015

Q3 Used-Car Market Remains Strong, Manheim Reports

ATLANTA — With wholesale used-vehicle prices increasing in September for the fourth consecutive month, wholesale pricing remains one of strength and stability. This brought the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and season — to a reading of 124.8 in September, representing an increase of 2.8% ... Read More »

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Newsby AE eMagazineOctober 9, 2015

SmartAuction Hits Five Million Sales Milestone

DETROIT — Ally Financial has announced that five million vehicles have been sold on SmartAuction, its online auction platform. To celebrate the milestone, Ally held a special auction for the five-millionth vehicle, with proceeds promised to the auction winner’s selected charities. Classic Chevrolet of Grapevine, Texas, won the vehicle with a bid of approximately $180,000, ... Read More »

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Newsby AE eMagazineOctober 7, 2015

National Automotive Experts Honored By Cleveland Christian Home

Cleveland Christian Home (CCH) celebrated its Homecoming with an Awards Luncheon and Open House event on Saturday, October 3, 2015. Many of CCH’s warm-hearted supporters braved the cool and rainy morning to help celebrate a few of its special friends and generous donors with an honorary luncheon.  Attendees also had the opportunity to tour the CCH ... Read More »

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