Tagged Used Vehicle Sales

Used Car Acquisition App Reaches Milestone

The Appraisal Lane, a mobile app that connects auto dealers with a community of appraisers and buyers, recently reached 100,000 live vehicle trades through its app, according to a company announcement.

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Carvana Expands Into Las Vegas Market

This marks the 39th market that the company has expanded into as well as the first market that the company has entered in Nevada.

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Copart Expands Memphis Location

Copart has added 19 acres of land to its Memphis, Tenn. location in its latest expansion. So far this year, the company has opened over 12 new yards and expanded over seven of its existing locations, according to the company.

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October Depreciation Rates Seasonally Low

Depreciation trends for both car and truck segments are seasonally lower than what is normally expected this time of year, according to Black Book’s Oct. 23 Market Insights report.

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Consignor AutoBuy Adds Locations with ADESA, Manheim Partners

AutoBuy, a used-car consignor, has opened two new locations, bringing the company’s total bricks and mortar locations to eight, and increasing its buy/sell capacity by more than 40%.

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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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Manheim Used Vehicle Value Index Rises in Third Consecutive Month

The streak continued in July, with the Manheim Used Vehicle Value Index recording its third consecutive record in July. Driven by the 0.75% month-over-month increase in wholesale used-vehicle prices, the index rose 2.6% from a year ago to 130.1, according to the firm.

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Retail Used Car Sales Climb 4.3% in 2017

Retail used car sales are up 4.3% year-to-date, according to Manheim Chief Economist Jonathan Smoke’s Industry Insights.

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Carvana Launches Next-Day Delivery in Phoenix

Carvana continues its nationwide expansion this week with the launch of its next-day vehicle delivery service in Phoenix, according to a company announcement.

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Black Book's Used Vehicle Index Remains Flat

Black Book's Used Vehicle Retention Index for July remains unchanged from June at a value of 113. The index has now moved positive or unchanged in three of the last four months.

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