Wholesale used-vehicle prices increased 1.8 percent from June in the first 15 days of July, the first month-over-month increase excluding the pandemic period for the mid-month report since July 2018. Over the last two weeks, the Manheim Market Report

The average transaction price (ATP) paid for a new electric vehicle (EV) in June was $56,371, an increase of 0.9 percent compared to May, according to data released by Kelley Blue Book (KBB). Despite the increase for the month, EV prices were lower b

Values of used vehicles continue to fall in June with the Manheim Used Vehicle Value Index (MUVVI) released July 9 declined to 196.1, ending the first half down 8.9 percent from a year ago. Wholesale used-vehicle prices (on a mix, mileage, and season

EV startup Fisker has agreed to sell its remaining inventory of Ocean SUVs to a leasing firm as the company’s co-founder reduced his salary to $1. According to a filing made July 2, Fisker will enter an agreement to sell the remaining 3,231 Ocean

According to a published report, the price tag that CDK Global paid to cyber terrorists is believed to $25 million. The story from CNN comes as CDK’s CEO Brian MacDonald has promised that the company’s customers will receive financial compensatio

New-vehicle prices were lower year-over-year for the ninth straight month in June, according to data released by Kelley Blue Book (KBB). The average transaction price (ATP) for a new vehicle in the U.S. was $48,644—$266 (0.6 percent) higher from th

New light-vehicle sales slipped in June in the wake of the cyberattack that affected many dealers’ operations, according to a report from the National Automobile Dealers Association (NADA). Using data Wards Intelligence, NADA’s chief economist Pa

Editor’s note: This article first appeared at RFIDJournal.com Automative yards are notoriously complex. Even when things go as planned, managing finished vehicles at a manufacturing site, distribution yard or dealership, is time consuming and o

Nearly three weeks after it was first attacked and just days before a crucial holiday weekend, CDK Global reported they had restored operations that was the subject of a ransomware attack. ‘We are ahead of the anticipated schedule, and as of th