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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 Conference of Automotive Remarketing is accepting proposals for its content as it opens the Call for Papers period.
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October typically brings the highest monthly depreciation rates for non-seasonally adjusted values of the year.
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The decreases appear in a market where days' supply and listing prices are rising.
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The marketplace exclusively lists thousands of front-line-ready vehicles from fleet providers affiliated with J.D. Power, as well as inventory from dealerships, leasing, and car rental companies.
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All major vehicle market segments experienced seasonally adjusted prices that were down year over year in September, although declines in recent months have slowed.
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The scholarship will cover the tuition cost for a two-year program student at Auction Academy, a continuing education resource and credential for remarketing professionals.
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The auction executive lead his company to become an industry-leading digital platform selling millions of vehicles each year.
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2024 ARA Summer Roundtable: Remarketing industry economists probed automotive sales trends in a recovering but variable marketplace.
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A recent silent auction that closed out after several weeks will help working professionals advance their training.
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Used vehicle sales increased during August to the highest level since October 2021, but U.S. auto dealers still see the current used-vehicle market as poor.
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