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US Auto Loans Reach $1.14 Trillion

Auto loans now account for a full 8% of all outstanding consumer debt — up from 6% just a decade...

Average monthly payments for new-vehicle purchases ($530), new-vehicle leases ($430), and used vehicles ($381) all reached new highs, growing by 4% to 6% year-over-year. Auto loans now account for a full 8% of all outstanding consumer debt — up from 6% just a decade ago.

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VADA Adds Manheim Express as Partner Program

The Virginia Auto Dealers Association directors said the mobile app will help VADA’s...

The Virginia Auto Dealers Association has named Manheim Express a partner program. Directors said the mobile app will help VADA’s approximately 450 dealer members gain wholesale efficiencies and make more money.

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New Vehicle Sales Dip 2% in February

Presidents Day typically brings in a surge of new vehicle sales, but this year's event did not...

The industry will sell approximately 1.27 million new cars and trucks in February, representing a 2.2% decrease from a year ago, according to an Edmunds forecast.

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Used Fleet Vehicle Values Rise 1.9% in January

Off-lease fleet vehicles continue their strong wholesale run, according to ADESA's chief...

The average sale price for used vehicles from fleet leasing consignors increased 1.9% to $12,706 in January from the prior month and 3.9% from January of 2018, according to Tom Kontos, KAR's chief economist.

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Manheim Auctions See Used Values Grow in January

This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact...

This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact cars and midsize cars, in specific, saw the strongest growth among all vehicle segments and outperformed the overall market.

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Copart Opens California Location

The addition of the new location was motivated, in part, by the company's commitment to adding vehicle storage capacity in California, said Copart CEO Jay Adair.