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RideKleen to Roll out Mobile Maintenance Service

RideKleen to Roll out Mobile Maintenance Service

RideKleen has been testing a mobile maintenance service that will allow fleets to schedule oil changes at the vehicle to eliminate the downtime of a vehicle in a service bay.

October 8, 2019

Carolina Auctions Go Digital During Dorian

Carolina Auctions Go Digital During Dorian

Manheim and Adesa auctions in the path of hurricane Dorian mostly shifted to digital sales on Thursday as the storm drenched the Carolinas and Virginia.

September 6, 2019

Florida Auctions Prep for Hurricane Dorian

Florida Auctions Prep for Hurricane Dorian

The nation's largest wholesale vehicle auctions, including Manheim and Adesa, have shifted to digital-only auctions and taken other precautions to protect the facilities from Hurricane Dorian's possible landfall later this week.

September 3, 2019

Q&A: Manheim's Grace Huang Looks Ahead

Q&A: Manheim's Grace Huang Looks Ahead

Manheim's president who oversees the inventory solutions unit offers thoughts on fleet mobility services, bringing artificial intelligence to inspections, and the company's diversification strategy.

August 27, 2019

Used Fleet Vehicle Values Rise 1.9% in January

Used Fleet Vehicle Values Rise 1.9% in January

The average sale price for used vehicles from fleet leasing consignors increased 1.9% to $12,706 in January from the prior month and 3.9% from January of 2018, according to Tom Kontos, KAR's chief economist.

February 14, 2019

Online Auction Sales Marched Higher in 2018

Online Auction Sales Marched Higher in 2018

Online sales of used vehicles in the wholesale market likely exceeded 2 million in 2018, as remarketing technology made it easier for dealers to evaluate, bid, and buy vehicles beyond physical auction locations.

January 30, 2019

Used Fleet Vehicle Values Increased 6.2% in 2018

Used Fleet Vehicle Values Increased 6.2% in 2018

The average prices for used fleet vehicles sold at auction increased 6.2% to $12,464 in 2018, despite a weaker finish to the year that saw a 0.4% decline in December, according to Tom Kontos, KAR Auction Services' chief economist.

January 22, 2019

Commercial Fleet Sales Increased 8.8% in 2018

Commercial Fleet Sales Increased 8.8% in 2018

Sales of vehicles to commercial fleets from eight manufactures increased 8.8% to 743,210 in 2018, even with a weaker December, on the strength of sales of trucks, SUVs, and vans that accounted for nearly nine units out of every 10 sold.

January 3, 2019

Wholesale Vehicle Prices Soften in November

Wholesale Vehicle Prices Soften in November

Overall average wholesale prices softened in November from a year ago mostly due to 2017 prices that were elevated due to increased demand from hurricanes Harvey and Irma, even though values of former fleet vehicles increased, according to Tom Kontos, KAR Auction Services' chief economist.

December 14, 2018

Commercial Fleet Sales Increased 18% in November

Commercial Fleet Sales Increased 18% in November

In November, sales of vehicles to commercial fleets increased 18.2% to 60,967, while sales into daily rental increased 6.4% to 122,433. Sales to government agencies increased 4.6% to 20,386.

December 3, 2018

Vehicle Loss From Florence Expected to Reach 20,000

Vehicle Loss From Florence Expected to Reach 20,000

After the heavy rains brought by Florence to the Carolinas stopped, estimates about the number of vehicles that were destroyed by the storm began to roll in that made it clear the storm would have far less of an impact that the pair of storms that reached Texas and Florida a year ago.

September 21, 2018

Hurricane Florence Closes N.C. Auctions

Hurricane Florence Closes N.C. Auctions

Several North Carolina used vehicle auctions closed as a result of Hurricane Florence sweeping into the state, while others shifted to online sales or delayed on-site sales.

September 17, 2018

Used Fleet Vehicle Prices Rise Incrementally

Used Fleet Vehicle Prices Rise Incrementally

Wholesale vehicle prices for former fleet vehicles at auction increased 0.8% in May from April and have increased 6.8% from a year ago in a "seasonally strong" market, according to Tom Kontos, KAR Auction Services' chief economist.

July 2, 2018

Used Car Market Should Grow 1% in 2018

Used Car Market Should Grow 1% in 2018

The used vehicle market should grow about 1% in 2018 bolstered by a federal tax cut and influx of utility vehicles, while new vehicle sales are expected to remain flat, according to Cox Automotive's senior economist.

December 27, 2017

Manheim, ADESA Resume Florida Operations
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