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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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An iSeeCars study found that purple- and red-colored cars hold their value the best in the sedan segment. But would you acquire them for fleet?
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Insights from the "cereal box" workshop at the 2022 Conference of Automotive Remarketing show how consignors and auctions can be creative in accurately pricing wholesale vehicles.
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Kristin Slanina draws on a career of engineering, technical expertise, and electric vehicle racing to show what remarketers can expect from EVs in the years ahead.
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The average price paid for a new vehicle in the U.S. last month was the second-highest on record, behind only December 2021, when average transaction prices reached $47,202.
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Anthony Jasiak has worked at operations in New Jersey and South Carolina during the last 25 years.
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All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
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Broken down, government fleets were up 5.9% YOY, commercial fleets down by 0.1%, and rental fleet volume down 33% from last May.
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The acquisition supports the launch of the EBlock platform in the U.S. Southeast market.
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The 16 auction operations take on the name of America's Auto Auction, which XLerate bought in January.
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Its auction segment began in 2019 and has led the two segments with triple-digit growth for three years .
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