July 27, 2017
Kelly Blue Book expects 1.43 million new vehicles will be sold in July, which is 6% less than the same time last year. The forecast would put the seasonally adjusted annual rate at 16.7 million for the fifth month in a row with a new-vehicle SAAR below 17 million.
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July 25, 2017
The subcompact luxury crossover segment saw the highest depreciation among all segments last week, after several weeks of low depreciation, according to Black Book’s July 24 Market Insights report.
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July 25, 2017
Insurance Auto Auctions (IAA) has introduced its Active Inventory Management software that's designed to streamline the management of salvage vehicle auctions, according the the KAR Auction Services unit.
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July 24, 2017
Bruce Beam has returned to the post of general manager of Dealers Auto Auction of Oklahoma City (DAA/OKC), according to a company announcement.
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July 21, 2017
June was an average month in terms of wholesale prices, according to J.D. Power Valuation Services. It reported this week that wholesale prices of used vehicle up to eight years in age fell 2.2%, which in line with the 2.2% average losses recorded over the past five years.
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July 20, 2017
Through the first half of this year, 2.1 million vehicles have been leased, a 4.4% decline from a year ago and the first time in four years that leasing has seen a year-over-year decline, according to the latest Edmunds Lease Market Report.
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July 19, 2017
KASP Auto Auction has named Michele Pierog as vice president of national sales. Pierog, who has over 15 years of experience in the industry, most recently served as director of national sales at Auto Auction of New England.
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July 19, 2017
RMS Automotive and vAuto have partnered to make it more convenient for dealers to evaluate and acquire manufacturers’ premium off-lease and off-program vehicles before they get to auction, according to a company announcement.
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July 19, 2017
Online used vehicle marketplace Shift has raised $38 million in a series C round of funding led by BMW's venture capital business unit, iVentures. Other participants included DFJ, Highland Capital, G2VP, and Goldman Sachs Investment Partners.
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July 19, 2017
Hertz Global Holdings Inc. plans to report its second quarter 2017 financial results on Tuesday Aug. 8.
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