New-Vehicle Sales Down 2.3% in First Half of 2017

New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.

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Peak SUV: Red-Hot Segment Poised for Slowdown

After five straight years of market-share gains, the SUV segment may be poised for a slowdown, according to a new analysis from Edmunds.

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IARA 16th Annual Summer Roundtable Heading to Nashville

IARA will be hosting its 16th Annual Summer Roundtable in Nashville this year. The three-day event will be held at the Hilton Downtown Nashville on Aug. 16-18.

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IronPlanet Sets End-of-Quarter Auction

IronPlanet will run its end-of-quarter events from June 27 to 30, featuring an All-Humvee Auction and three equipment sales on the IronPlanet and GovPlanet websites.

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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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Jeep Wrangler Named Most American Vehicle by Cars.com

The Toledo, Ohio-built Jeep Wrangler topped the list of most American vehicles on Cars.com's American-Made Index, which also listed Ford, GM, and Honda vehicles built in the Midwest and South.

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FSNA Files for Bankruptcy to Protect U-Save Brand

Franchise Services of North America Inc. (FSNA), franchisers of the U-Save brand, has filed for Chapter 11 bankruptcy protection to preserve the value of its assets for the benefit of creditors and shareholders.

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Wholesale Auction Business Grew 4.6% Last Year

Wholesale auctions sold 9.8 million vehicles worth $100 billion in 2016 with the majority coming from dealer consignment, according to the National Auto Auction Association (NAAA). The association has been surveying its members for 20 years.

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Values Stabilize After Month-Long Car Decline

Wholesale cars that have been depreciating at roughly double the rate of trucks in the past month have stabilized in the past week, according to Black Book’s June 26 Market Insights report.

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CarMax Wholesale Profit Per Unit Rises Nearly 2%

Delayed tax refunds led to a slightly higher gross profit per wholesale unit at CarMax, the company reported during its quarterly earnings call for the quarter ending May 31.

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