Fleet Lease Consignor Prices Up 1.8% Through July

Auction prices for fleet lease vehicles have increased 1.8% through July even with a 0.1% decline in the month amid "price softening," according to Tom Kontos' latest commentary.

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Depreciation Slows for Trucks and Accelerates for Cars

The car segment saw a week-over-week rise in depreciation while the truck segment saw a lower depreciation rate last week, according to Black Book’s Aug. 28 Market Insights report.

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Midwest: Tumult Looms With Model-Year Refreshes on the Horizon

While summer hasn’t quite reached its end, the approaching fall season is already having some effect on the types of cars selling at Midwest auctions.

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Wholesale Luxury SUV and Crossover Values Fall

Subcompact luxury crossovers, compact luxury crossover/SUVs, and mid-size luxury crossover/SUVs posted the highest depreciation within the truck segment, according to Black Book's August 22 Market Insights report.

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Louisiana's First Choice Auto Auction Introduces New Safety Measures

Safety bollards and VIN scanners will be introduced to bidding lanes to reduce risk of injury and facilitate efficient bidding.

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ServNet Implements Buyback Guarantee Assurance

The DealShield DS360 guarantee protects a dealer's wholesale vehicle purchase and gross profit for up to 21 days and 360 miles. If the customers decides the purchase isn't right for any reason, they can return the car and get 100% refund of the purchase price and buy-fee.

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Vast Adds Former President and CEO of KBB to Board

Johnson’s addition to the board will add someone who has a deep understanding of the automotive landscape and how companies use data and technology in their operations, the company added.

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Copart Expands Two Arkansas Auctions

Copart has expanded its Arkansas locations in Conway and the other in Prairie Grove to allow the company to better utilize their locations, store more vehicles, and sell more vehicles, according to the company.

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Consumer Confidence High in Healthy Auto Market

Households have set a new nominal record for debt, according to Manheim Chief Economist Jonathan Smoke’s Industry Insights. This, the report added, is a sign that consumer confidence is high and that credit is readily available

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IARA Summer Roundtable Converges in Nashville

The IARA hosted its 2017 Summer Roundtable in Nashville, Tenn. on Aug. 15-18. During the conference, panels discussed issues that the remarketing industry is currently facing as well as those on the horizon.

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