Hertz to Announce Q1 Earnings

Hertz Global Holdings Inc. will host a live webcast discussion of its 2017 first quarter financial results on May 9.

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Manheim Rolls Out High-Mileage Vehicle Inspection

Manheim has rolled out its Limited Powertrain Inspection, the company’s first inspection product for higher mileage vehicles to include structural, engine, transmission, transfer case, and hybrid/electric battery in the inspection guarantee, according to a company announcement.

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Black Book to Power NsightLive's Trade Appraisal Tool

NsightLive's trade appraisal service, according to the company, provides a trade appraisal tool to independent auto dealers that might not otherwise have access to one. By partnering with Black Book, NsightLive’s trade appraisal tool will now be able to leverage Black Book’s data.

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Ford, Nissan Top Vincentric's Fleet Value List

Ford and Nissan vehicles appeared most prominently among the vehicles chosen as having the best fleet value by Vincentric for the 2017 model year, the firm that analyzes total cost of ownership announced.

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Carvana Opens Fourth Car Vending Machine in Texas

Carvana has opened up its fourth car vending machine in Texas — and the fifth nationwide — in Frisco, Texas, according to a company announcement. The vending machine will stand eight stories tall, contain four delivery bays, and hold up to 30 cars.

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ServNet to Form Client Advisory Board

ServNet will be forming a Client Advisory Board that will consist of 10 to 12 executives from key commercial accounts and institutional consignors. These executives, according to the company, will assist in identifying, implementing and refining best practices at auctions.

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KAR Acquires DRIVIN for $43M

KAR Auction Services will acquire the Chicago-based company that operates as DRIVIN, a B2B data provider that helps used car dealers set prices based on their local marketplace, for $43 million, according to KAR.

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March Prices Down for Used 1- and 3-Year-Old Vehicles

In March, prices were down 2.5% year-over-year for current and one-model-year-old units and down 2.6% for three-model-year-old units, according to ADESA. Overall, wholesale used prices were up 2% compared to February and up 1% year-over-year.

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Wholesale Market Strengthens on the Week

High vehicle demand delivered strong showings across nearly all vehicle segments in the past week, according to Black Book’s April 17 Market Insights report.

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Cox Automotive Names New Chief Economist

Cox Automotive has named Jonathan Smoke as its new chief economist, according to a company announcement. In his new role, the company added, Smoke will be responsible for leading the creating of an economic industry insights office.

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