Tagged Remarketing

Upcoming IARA Roundtable Sessions Addressing Key Remarketing Concerns

The International Automotive Remarketers Alliance (IARA) will be hosting its spring roundtable at Caesars Palace Las Vegas on March 5, and will be holding various sessions March 6-7, concurrent with the Conference of Automotive Remarketers.

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Used Vehicle Retention Weakens in December: Black Book

An index that tracks wholesale used vehicle values fell in December for the first time in four months at a time when the used vehicle market typically shows some weakness. It also reinforced 2017 as a growth year for used vehicle sales.

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Jardine Motors Signs Three-Year Deal with British Car Auctions

United Kingdom-based Jardine Motors has signed a three-year deal with British Car Auctions (BCA) to remarket roughly 20,000 vehicles a year.

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2017 Fleet Depreciation Aided By Hurricanes

Typical seasonal highs and lows were disrupted this year due to a run of natural disasters destroying hundreds of thousands of vehicles and causing a surge in replacement activity. Overall fleet depreciation improved this year.

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Used Car Market Should Grow 1% in 2018

The used vehicle market should grow about 1% in 2018 bolstered by a federal tax cut and influx of utility vehicles, while new vehicle sales are expected to remain flat, according to Cox Automotive's senior economist.

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Used Class 8 Sales Decline in November

Following a surge in October, same-dealer used Class 8 truck sales dropped 17% in November and prices fell by 3%.

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Manheim's Used Vehicle Values Rise 6 Straight Months

Wholesale used vehicle prices rose for the sixth month in a row in October, increasing by 1.02%, according to Manheim’s October Used Vehicle Value Index. This brought the index to 136.3, an 8.1% rise from a year ago.

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Weekly Car and Truck Depreciation Rises

Both cars and trucks saw a noticeable rise in depreciation last week, according to Black Book’s Nov. 6 Market Insights report.

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Manheim Names Two Southeast GMs

Manheim has appointed general managers for its Atlanta and Fort Myers auctions that will focus on strategic growth and enhancing the client experience, the Cox Automotive company announced.

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Black Book's Index Continues Upward March in October

The firm attributed the strong vehicle retention in October to increased replacement activity stemming from Hurricanes Harvey and Irma. However, the increased replacement activity seen in October is expected to be the last boost to come from the hurricanes.

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