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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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Average transaction prices are still $310 over average MSRP, though that’s down from the $900 above sticker for January 2022, according to Kelley Blue Book.
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The company’s strategy draws on the need for maximum online access to vehicles combined with the real-time in-person connections of auction locations.
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CAR 2023: Industry certifications are reaching critical mass as consignor and auction professionals invest in high standards and some career ROI.
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All eight major vehicle market segments saw seasonally adjusted prices that were lower year over year in January.
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A partnership between U.S.-based Privacy4Cars and the Canadian HeyAuto technology company will extend exclusive data security to vehicles at 2,400 dealer locations.
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A recent auction industry quarterly report shows a mix of up and down indicators that add up to more market balance.
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Sales into rental fleets were up 96% year over year, sales into commercial fleets were up 31%, and sales into government fleets were up 65%.
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CAR 2023: How to resolve vehicle transportation challenges and adjust to a shifting market with more customer demand and new players.
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CAR 2023: A workshop will help the two remarketing segments get into each other’s heads and connect for more productive interactions.
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Subaru’s John Manchin wraps up his farewell tour of the industry with big awards and some advice acquired over the decades.
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