Late Model Year Vehicle Values Fall in November

The average price of a used vehicle from model years 2012 to 2016 depreciated in value by 2.2%, in November, according to Black Book. Year-over-year, the average value for these vehicles has depreciated by 13.2%.

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PARS Ross Replaces Langness as VP of Sales and Client Relations

PARS has named Teri Ross its new VP of sales and client relations following the retirement of Terry Langness, a fleet industry veteran who will end his tenure with the company by the end of January.

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RMS Automotive Earns Inaugural Europe International Car Remarketing Award

RMS Automotive received the award based on its RMS Automotive Inventory Management Solutions, which is a modular inventory management software that reduces risk and maximizes return on investment.

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Used Vehicle Index Rises for Third Straight Month

Black Book's Used Vehicle Retention Index for November, rose 0.3% month-over-month from 114.6 to 115.0, its third straight monthly increase dating back to August when it was at 112.6.

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Carvana Adds Second Arizona Market

Carvana has added a second market in its home state of Arizona with the addition of Tucson to its list of cities it offers next-day delivery to, according to a company announcement.

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TradeRev Launching New Updates to Mobile App

TradeRev has released an update to its mobile app that will leverage KAR Auction Services, Inc. in order to bring a host of new features to its mobile platform, according to a company announcement.

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KAR Donating $250,000 to Indiana Non-Profit

KAR Auction Services, Inc. has committed $250,000 to City Life Wheels of Central Indiana, a non-profit that uses donated vehicles to teach Indianapolis youth basic auto maintenance and repair skills, according to a company announcement.

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Weekly Small Car Depreciation Spikes

Respectively, subcompact cars, compact cars, and subcompact crossovers realized the highest depreciation rates among all vehicles tracked at 1.12%, 0.86%, and 1.38%.

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Three Rare Oldsmobiles Heading to Auction

State Line Auto Auction will be selling three Oldsmobile vehicles that were previously housed in the General Motors heritage center on Dec. 15.

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Auto Auction Leaders Raise Over $75K for Cancer Research in November

Auction leaders raised over $50,000 in November to go toward melanoma research at the Winship Cancer Institute of Emory University, in honor of Henry Stanley, the owner of the Carolina and Indiana Auto Auctions and previous winner of Bobit Business Media’s Remarketer of the Year Award.

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