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Staff
Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
All eight major market segments saw seasonally adjusted prices that were lower year over year in October.
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The consulting company will help the Tennessee-based auction operation reach a broader range of customers.
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Some manufacturers may be shifting more of their sales to fleet as they see retail sales soften due to consumer economic concerns.
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The southeastern U.S. independent auction vehicle wholesaler now spans 10 locations after its second acquisition this year.
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All eight major market segments saw seasonally adjusted prices that were lower year over year in the first half of October.
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Carfax data shows an additional 400,000 water-damaged cars in 2022.
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Higher interest rates are likely hurting used-vehicle demand because consumers can’t afford the higher monthly payments.
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Despite elevated vehicle prices, soaring interest rates and high inflation, there are no signs that demand is falling off yet.
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September marks a record 16th straight month that new-vehicle ATPs were higher than the average manufacturer’s suggested retail price (MSRP).
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CPO has been up and down this year as it’s affected by supply and demand, but it should end the year at 2.4 million.
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