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Vehicle Depreciation Should Rise in 2019
Deprecation was low through most of 2018. Segments such as sedans performed better than they have in years past, while trucks and SUVs continue to retain their values well.
Deprecation was low through most of 2018. Segments such as sedans performed better than they have in years past, while trucks and SUVs continue to retain their values well.
Insurance Auto Auctions Inc. has opened a new facility in Flint, Mich. for its salvage auctions, the KAR Auction Services division has announced.
KAR Auction Services, Inc. has consolidated its management team for two of its businesses — Recovery Database Network (RDN) and Clearplan — in order to improve synergies for the complementary business units.
As the year comes to a close, used sedan values are continuing to decline from the abnormally high levels that the segment saw through most of 2018.
Ryan Edwards has joined Dealers Auto Auction of Murfreesboro as the auction’s general manager.
November’s Index registered at 116.5, a 0.2% gain from the previous month.
KAR Auction Services, Inc. has reached a definitive agreement to acquire CarsOnTheWeb (COTW), an online auction company serving the wholesale vehicle sector in Continental Europe, according to a company announcement.
The small pickup segment experienced its highest depreciation of the year last week, according to Black Book’s Dec. 3 Market Insights report.
One tactic that OEMs are leveraging in order to offset some of this growth is the use of incentives.
Following last year’s record-breaking attendance, the 2018 Summer Roundtable once again saw a nearly record breaking number of attendees for this year's event.
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The average price for used fleet vehicles fell 2% at auction in October, but remained 6.1% higher than a year ago amid a strong month for wholesale prices, according to Tom Kontos, KAR Auction Services' chief economist.
Chad Bailey, president of Akron Auto Auction, has officially taken over as president of the National Auto Auction Association (NAAA).
Manheim has named Fredrick Standfield as senior vice president of its assurance and reconditioning group, according to a company announcement.
Vehicle values were stable last week. Seasonal trends and lower demand have accelerated depreciation higher than where it’s been for most of the year, but this recent week represented an improvement over the market’s performance two weeks ago.
