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Upstream Remarketing Aiding 2018 Used Vehicle Values
The first half of 2018 has been a strong year for used vehicle values, and growth in upstream remarketing is playing a helpful role.
The first half of 2018 has been a strong year for used vehicle values, and growth in upstream remarketing is playing a helpful role.
Lane Alerts is a Manheim messaging service that sends buyers a text message in advance of a vehicle they’re interested in coming up for sale.
PAR North America has awarded its Agent of the Year and 2018 Resolution and Compliance Champion, the vehicle recovery service provider has announced.
Brenda Aden is transferring from ADESA Las Vegas to act as general manager for ADESA Brasher.
Overall, car segment values decreased by 0.2%, compared to 0.22% depreciation the segment experienced the week before. Overall, truck segment values decreased by 0.15%, equal to the deprecation the segment experienced the week before.
The National Auto Auction Association’s (NAAA) Western Chapter has named Kansas City Independent Auto Auction as its Auction of the Year.
Vehicles that were taken out of commercial, government, and daily rental fleets and sold at auction in July were worth 8.1% more than they were a year ago and 0.4% more than in June, according to Tom Kontos, KAR Auction Services' chief economist.
Vehicle logistics provider Acertus has been named one of 150 top workplaces for 2018 by its hometown St. Louis Post-Dispatch.
Cox Automotive has established a new mobility services unit that combines existing businesses, such as its Flexdrive subscription service, with its acquisition of Clutch Technologies' subscription software platform to deliver fleet management solutions for mobility fleets, the company has announced.
The 2018 Conference of Automotive Remarketing (CAR) detailed the biggest topics concerning wholesale remarketing, and also elaborated on technological developments that may impact the industry as a whole. Read the full story here. Photos by Andy Lundin.
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Used vehicle sales continued their strong performance in the wholesale market in July, as an "abnormal bounce" that began in June continued to show strength with overall values increasing in July 1.51% from the prior month, according to Manheim.
During the town hall session, four general managers from across the country will discuss commercial consignor demands and various aspects affecting physical auctions today.
Brian Sharples and Trynka Shineman — two executives who have experience with global digital companies and technology — joined the board on Aug. 3.
A strong showing from the subcompact car segment drove up used vehicle values in July, bumping up the Black Book Used Vehicle Retention Index 0.5% to 113.9.
