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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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Wholesale used vehicle prices increased 3.64% month over month in August, bringing the Manheim Used Vehicle Value Index to 163.7 a 15.8% increase from a year ago and another record-high for the Index, which also occurred in June and July of 2020.
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The Summer Roundtable was highlighted by discussions from key figures in the remarketing industry on how they’ve thrived in the current climate and their efforts for the future.
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Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.4% comparing the first 15 days of August to the full month of July, continuing record setting-performance for wholesale prices.
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The 2020 IARA Virtual Summer Roundtable has a schedule full of virtual sessions for remarketers and consignors covering today’s hot-topic issues, as well the future of remarketing.
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KAR Auction Services has named automotive industry veteran Steve Jordan as its executive VP for KAR Global Dealer Sales, who will join the company in September after serving for seven years as CEO of the National Independent Automobile Dealers Association (NIADA).
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Wholesale used vehicle prices increased 5.84% month over month in July, bringing the Manheim Used Vehicle Value Index to 158 a 12.5% increase from a year ago and another record-high for the Index, which also occurred in June.
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Cox Enterprises has named Steve Rowley as the new president of Cox Automotive, effective Aug. 3, and will take over for current president and CEO Sandy Schwartz, who moves to a role as CEO of the Cox Family Office.
Read More →Hosted virtually on Aug. 20, 2020, the webinars will serve as virtual chat rooms that will allow attendees to learn from subject-matter experts on challenges and resources in today’s environment and share in an interactive dialogue.
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Topics discussed by the keynote speakers include how vehicle leasing trends are impacting the used-vehicle market and how companies can grow their business and reduce hours from their work week.
Read More →The 2020 IARA Virtual Summer Roundtable has a schedule full of virtual sessions for remarketers and consignors covering today’s hot-topic remarketing issues as well as the continued recover of the industry and the future of remarketing.
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