Tagged Used Vehicle Sales

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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Rising Off-Lease Vehicle Supply Hurting Used Car Prices

During a quarter where new-vehicle sales slipped, used-vehicle sales grew for Asbury Automotive, one of the six largest publicly traded dealer groups. However, while more used vehicles were sold, less gross profit was generated, and off-lease vehicles are partly to blame.

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Subcompact Luxury Crossovers Lead Weekly Depreciation

The subcompact luxury crossover segment saw the highest depreciation among all segments last week, after several weeks of low depreciation, according to Black Book’s July 24 Market Insights report.

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Online Marketplace Shift Draws BMW Investment

Online used vehicle marketplace Shift has raised $38 million in a series C round of funding led by BMW's venture capital business unit, iVentures. Other participants included DFJ, Highland Capital, G2VP, and Goldman Sachs Investment Partners.

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Used Vehicle Values Keep Climbing Higher, Manheim Says

The Manheim Used Vehicle Value Index hit a record high for the second consecutive month, as wholesale used-vehicle prices rose 1.1% month over month in June. The increase brought the Index to 129.3, a 2.5% increase from a year ago.

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Carvana Expands Into Kentucky

Carvana has expanded its next-day delivery service to Louisville, Kentucky, marking the company’s first Kentucky Market, according to Carvana announcement.

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