Tagged Used Vehicle Sales

Carvana Takes Steps to File for IPO

Carvana, an online used-car retailer that’s best known for its “car vending machine,” has filed a registration statement with the U.S. Securities and Exchange Commission (SEC), paving the way for an initial public offering (IPO).

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Rising Interest Rates Pose Little Short-Term Risk

Rising interest rates will have a minimal effect on the used car market today. However, the used-car market is poised to suffer, in the longer term, as federal interest rates continue to rise, one expert said.

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Midwest: Activity Picks Up Ahead of Tax Season

Challenging winter weather led to a slight year-over-year decline in auction sales through January in the Midwest region of the U.S. However, as January concluded and February progressed, sales began to pick up.

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Used Car Market Bracing for Off-Lease Tidal Wave

A record number of newer model year off-lease vehicles returning to dealer lots this year will be putting significant upward pressure on the late-model used market, according to the February 2017 Edmunds Used Vehicle Market Report.

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Pickups Show Lowest January Depreciation

Small and large pickups were among the top performing segments in January with a 1.1% depreciation rate among two- to six-year-old vehicles sold in auction lanes, according to Black Book.

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Car Retention Values Strongest in Six Months

Car segments are retaining their values better than they have in the past six months.

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Recouping a Better Return When Selling Fleet Vehicles

By implementing one or two new strategies — such as timing sales based on mileage or seasonality, expanding sales channels, or considering purchasing options — small fleet operators can return more money to their fleet’s bottom line.

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Manheim Improves Website, Mobile App

Manheim has released a set of updates for its website and mobile application meant to improve efficiency at auction.

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Compact Cars Continue to Show Strength

Both cars and trucks saw lower levels of depreciation last week. Sub-compact and mid-size crossovers/SUVs dominated in the truck segment and compact cars continued to show some of the lowest levels of depreciation in the car segment, according to Black Book.

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Depreciation Rises as Holiday Shopping Begins

Depreciation for used cars and trucks saw a slight uptick during the week of Nov. 11, which may have been the result of Thanksgiving shopping activity. Sub-compact crossovers had the highest wholesale values for both car and truck segments by staying flat.

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