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Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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SEARCHMENUSEARCHThe market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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The company's second quarterly report in a row highlights key aggregate metrics for the auction industry.
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On a year-over-year basis, all major market segments saw seasonally adjusted price increases in July.
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Large rental, commercial, and government purchases of new vehicles increased 6% compared to this time in 2020, but decreased by 40% from the same time in 2019.
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Cheri Slaughter’s 30-year career in the auto industry spans many different roles, including fleet sales, credit union and bank account management, and operational duties.
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The annual conference will offer plenty to talk about and act on as the remarketing industry strategizes for a reset marketplace.
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Frank Grochal retired from Automotive Resources International and Holman Enterprises in 2005, culminating a successful career that spanned five decades. He was inducted in the NAAA Hall of Fame in 1983. He was the first person in fleet to achieve this honor.
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Automotive Fleet views itself as a facilitator to provide a platform for different voices from the industry to sound-off on today’s challenges. This regular column is designed to encourage discourse for fleet professionals to let their voices be heard to their peers and other industry professionals. Here is what is top of mind for fleet professionals concerning vehicle remarketing, electrification, and fuel management.
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The digital platform enables consumers to transact 100% online.
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The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
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Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
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