News
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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Commercial sales were the primary reason for 2024’s increase in sales, with broad-based growth across rental, commercial, off-lease, and repo units.
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Commercial vehicles running through auction channels are driving most of this year’s sales growth.
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Commercial vehicles, electric vehicles, and late model used vehicles all show strong double-digit volume increases.
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Despite a flattening curve due to fewer off-lease vehicles coming into channels, commercial sales rank highest in volume increases since 2023.
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The marketplace exclusively lists thousands of front-line-ready vehicles from fleet providers affiliated with J.D. Power, as well as inventory from dealerships, leasing, and car rental companies.
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All major vehicle market segments experienced seasonally adjusted prices that were down year over year in September, although declines in recent months have slowed.
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The scholarship will cover the tuition cost for a two-year program student at Auction Academy, a continuing education resource and credential for remarketing professionals.
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2024 ARA Summer Roundtable: Remarketing industry economists probed automotive sales trends in a recovering but variable marketplace.
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A recent silent auction that closed out after several weeks will help working professionals advance their training.
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Executives Jiles and Penny Wanna celebrate 20 years at the remarketing management and consulting company, while their son joins the team.
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