Articles

Luxury Wholesale Prices Fall in an Overcrowded Market

As manufacturers continue to release new vehicles into the luxury segment, the number of vehicles in the segment has grown. This along with overproduction and higher incentives has led to higher depreciation rates for the segment.

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Northeast: Healthy Sales Rates Offset Low Consignments

Consignments were down in May and June; however, healthy sales percentage rates kept sales numbers at Northeast auctions at relatively stable levels, compared to the year before.

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Pacific: Trucks Lead the Way in a Softening Market

Trucks and utility vehicles have remained strong in spring auction lanes, even though Pacific coast auctions have seen the used vehicle market soften in the past month.

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Southwest: Slow Start to Tax Season

The tax season had a late start in the southwest market. The boost in sales — which has been described as a steady increase as opposed to a spike this year — that auctions typically begin to see in February did not arrive until March.

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Southeast: Tax Season Kicks In, Cars Bounce Back

Southeast-region auctions are seeing a seasonal increase in values driven by tax-return-driven buying at dealer lots, but say the spring bump isn't as pronounced in 2017 in part due to the delay by the IRS to issue returns in late February.

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Putting Cop Cars Up for Sale

When it comes time to decommission patrol cars, there’s more work to be done than just turning the vehicles over to the auctioneer. And how does the phase-out of the Crown Vic and loss of interest from taxi companies affect resale value?

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CAR 2017 Addresses Key Remarketing Trends

The 2017 Conference of Automotive Remarketing (CAR) was host to myriad panels, discussions, and keynotes that discussed the latest trends in the wholesale remarketing industry.

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Midwest: Activity Picks Up Ahead of Tax Season

Challenging winter weather led to a slight year-over-year decline in auction sales through January in the Midwest region of the U.S. However, as January concluded and February progressed, sales began to pick up.

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Rocky Mountain: 4x4 Trucks, SUVs Bolster Winter Market

Large pickups and mid-size SUVs, especially those vehicles with all-wheel drive, sold particularly well in December and January in Colorado and Idaho, as a mild winter didn't affect Colorado, while heavy snow and ice muted auction activity in Idaho.

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Recouping a Better Return When Selling Fleet Vehicles

By implementing one or two new strategies — such as timing sales based on mileage or seasonality, expanding sales channels, or considering purchasing options — small fleet operators can return more money to their fleet’s bottom line.

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