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Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
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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.
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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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The 19th annual Conference of Automotive Remarketing (CAR) changed venues this year to the Paris Las Vegas Hotel. Perhaps reflecting this change, most of the sessions and events looked to the future of the remarketing industry.
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Compact SUVs and cargo minivans paced a strong April for remarketers, as used vehicles from the 2008-2012 model years rose 0.9 percent in value in a month that's typically one of the strongest of the year for auctions.
Read More →Donlen announced the recipients of its annual Top Auction Awards. Each year, Donlen recognizes top automobile auction partners that work closely with Donlen in its remarketing program.
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The 19th annual Conference of Automotive Remarketing (CAR) changed venues this year to the Paris Las Vegas Hotel. Perhaps reflecting this change, most of the sessions and events looked to the future of the remarketing industry. Read more coverage of CAR here.
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