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Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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SEARCHMENUSEARCHThe higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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The dates have been set for the 2015 Conference of Automotive Remarketing (CAR), which will be held from March 18-19 in Las Vegas.
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This move brings together more than 20 leading wholesale and retail automotive brands, including Manheim, AutoTrader.com and Kelley Blue Book.
Read More →As part of its long-term growth strategy to invest in emerging markets, has Manheim announced that it has purchased a majority stake in CarBizz, an auction operation based in São Paulo.
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Used-vehicle depreciation slipped to 1.5 percent in July, as mid-size sedans led a sharper decline in value after a strong spring, reports Black Book.
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Depreciation rates on used vehicles are nearing levels not seen since the recession, though the trend will soon reverse and likely lead to marginally higher losses.
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Used vehicles sold at auction depreciated 1 percent in June compared with a 0.4 percent rate in May, which is typical for summer months, according to Black Book.
Read More →Automobile Technologies (AMT) has introduced its cloud-based ReconMonitor for remarketing professionals to decrease the reconditioning cycle and increase profitability.
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Used full-size vans recorded a stout May at auctions, as used vehicle retention value slipped 0.4 percent, following several months of resale strength, according to Black Book's monthly report.
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ADESA, a business unit of KAR Auction Services, announced that Trevor Henderson will fill the position of chief operating officer for ADESA Canada, effective June 16.
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