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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 recent auction industry quarterly report shows a mix of up and down indicators that add up to more market balance.
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The vehicle scans will check vehicle exteriors, undercarriage components and tires to quickly produce online user-friendly reports that include high-resolution photos.
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The used-vehicle market faces a challenging year ahead as demand weakens and supply of nearly new vehicles is particularly constrained.
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All eight major market segments again saw seasonally adjusted prices that were lower year over year last month, with compact cars showing the smallest decline.
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Declines in Manheim Market Report prices, days' supply, and average daily sales conversion rates are following typical patterns for November.
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All eight major market segments saw seasonally adjusted prices that were lower year over year in October.
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TradeRev chooses one of its co-founders who brings deep experience in the retail and wholesale sides of the automotive marketplace.
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Combined sales into large rental, commercial, and government buyers were down 36% year over year in January. Sales into rental declined 61% YOY, sales into commercial increased 4% YOY, and sales into government declined 23%.
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As was the case in each of the last prior months, much of the reported increase was a result of the seasonal adjustment.
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