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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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Used-vehicle sales in the period were up more than 5% year over year, in line with spring fever and the tax refund season.
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The Conference of Automotive Remarketing drew a professional crowd that networked for business and cultivated industry friendships.
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This was the first time the Manheim Market Report index reading has been under 200 since March 2021, illustrating the outsized moves in the index over the last three years.
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CAR 2024: The latest analysis from the National Auto Auction Association shows a stabilizing auction sector moving faster but still a long way from pre-pandemic years.
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The arrangement will help the five-lane auction develop business and expand further into the national vehicle consignor market.
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According to Vincentric, fleet costs per mile in all five vehicle categories accelerated higher in the first quarter of 2024 compared to the fourth quarter of 2023.
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CAR 2024: Unlike a combustion engine, an EVs long-term value is maintained daily, based on the unique charging habits and battery management of its owner.
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The 2024 Remarketer of the Year and Consignor of the Year bring resumes full of enterprise and experience.
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A list of “R-words” captures the intent behind the alliance’s first new name and look since it was founded in 2001.
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Fleet/lease sales were responsible for the increase in auction volume in the first quarter as dealer sales fell 5.4% YOY and fleet/lease sales rose nearly 29%.
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