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The acquisition would expand Copart beyond its traditional salvage business into dealer-to-dealer wholesale remarketing while adding ACV’s vehicle data, inspection, and valuation technology.
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However, new-vehicle sales slowed notably in May, falling to 15.6 million from 17.3 million in April.
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While the market digests the impact of tariffs, it could see slightly higher levels of wholesale depreciation over the summer.
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These six best practices can help automotive companies and operations embrace and gradually adjust to a data-driven, AI-informed business model.
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The acquisition provides the major independent auto auction operation with access to Minnesota’s Twin Cities wholesale vehicle market.
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Montway Auto Transport has announced the addition of Angels Moving Autos, a luxury automotive transport brokerage, strengthening its luxury shipping services.
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A U.S. Navy veteran who commanded the terrorist-bombed USS Cole shared some core military leadership lessons that can apply to business situations and challenges.
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April figures show an electric vehicle market facing several challenges that reflect broader economic trends.
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Moving electric vehicles through consignor and auction channels requires a better understanding of their unique attributes and potential.
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As the effects of the “spring bounce” and initial pull ahead from tariffs diminished, sales decreased in April.
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Data indicates tariffs may raise costs for some vehicle models, but automakers remain uncertain how the added expense could inflate consumer pricing.
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