A sign advertises cash paid for used cars. Used-vehicle prices at wholesale, dealer-only auctions in December 2021 ended the year an eye-popping 48.1% higher on average than December 2019, before the ...

If you buy a used car off a dealership lot, it might have gotten there as a trade-in. But there’s about a 50% chance it got there by way of a wholesale auction, according to the industry tracking ...

Auctions are held weekly, starting every Tuesday at 8 a.m. EST and ending on Thursday at 11:30 a.m. EST. The platform will feature a range of vehicles, including light and medium duty trucks, heavy ...

Penske Used Trucks has launched an online auction platform for used vehicles. Penske said the new auction site is designed to streamline the commercial equipment-buying process. The platform is ...

Among the many changes brought on by the COVID-19 pandemic was the halt of most in-person events, which can be problematic when you're in the business of auctioning commercial trucks. Capability to ...

There’s a revamped inventory acquisition option for dealers who stock used commercial trucks in their inventory. On Monday, Penske Used Trucks announced the launch of its online auction platform for ...

Used-car prices, which analysts are watching for signs of more general price inflation, edged higher again. The trend mirrors higher new car prices, too. A computer chip shortage has cut into new-car ...

Used-car prices have dropped for 25 straight weeks — see if this rare trend means it’s the perfect time to score a deal on ...

The used-vehicle auction business learned one overarching lesson in 2020 — in-person auto auctions are not going away anytime soon. As the COVID-19 pandemic swept the nation, used-car auctions were ...

The number of semiconductors in a modern car, from the ignition to the braking system, can exceed a thousand. As the global chip shortage drags on, car makers from General Motors to Tesla find ...

There's a rental-car shortage in the US that's causing fleets to be booked out or booked at high prices. Companies are scrambling to regrow fleets amid high used and new car prices caused by the chip ...