Used Sales Will Rise, New Sales Will Fall in 2018, Cox Says Click to view online.

May 14, 2018
<p><em>Screenshot&nbsp;of Tom Kontos, chief economist, courtesy of KAR Auction Services.</em></p> Fleet Lease Consignor Prices Up 6.6% in March

Prices for vehicles from fleet lease consignors increased 6.6% in March and are 4.9% higher than a year ago driven in part by a strong spring selling season that boosted the values significantly from February levels, according to KAR Auction Services.

<p><em>Screenshot from Cox Automotive 8 Key Market Trends for 2018 video.</em></p> Used Sales Will Rise, New Sales Will Fall in 2018, Cox Says

Used-vehicle sales will rise and new-vehicle sales will fall in 2018, while total sales will reach 56.2 million, which would represent a second year of declines for the automotive industry, according to a Cox Automotive forecast.

<p><em>Photo: Enjosmith/Flickr</em></p> Hertz Lowers Vehicle Depreciation Expense by 13%

Hertz Global Holdings’ monthly net per unit vehicle depreciation expense decreased 13% to $302 for its U.S. operations, during its first quarter of 2018.

<p><em>Photo of 2016 Chevrolet Express courtesy of GM.</em></p> Cars Outpace Trucks, Vans in April Depreciation

Used compact and midsize passenger cars held their value better than pickups and cargo vans in April, and overall vehicle depreciation eased due to a strong spring selling season, according to Black Book.

<p><em>Photo courtesy of Ally.</em></p> SmartAuction Adds Listings From Westlake Financial Services

Westlake Financial Services will now list its vehicles on SmartAuction, as part of an agreement between Westlake and Ally Financial, according to a company announcement.

<p><em>Photo of 2017 Cadillac ATS courtesy of General Motors.</em></p> Cadillac Sheds ATS on Path to Sedan Trio

Cadillac will discontinue its ATS entry-luxury sedan after the 2018 model year, as it moves to rework its sedan lineup to offer three cars, according to a spokesman.

<p><em>Photo via <a href="" target="_blank">Flickr</a> | User Michael Sheehan.</em></p> AutoNation Boosts Used Vehicle Sales, Profit

In its recent earnings call, AutoNation reported a 9% gain to its used vehicle gross profit and a 3% gain to its retail sales for the three months ending in March.

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