Damaged Equipment expands CAS Automotive’s vehicle remarketing model to commercial equipment, targeting fleet operators, insurers, equipment dealers, and rental companies.
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Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit approvals are lower again after a hike in February levels. Auto lease credit approvals for the month of March finished at 66.7%, down from the February mark of 70%.
Read More →Black Book announced a partnership with Auction Simplified that will make them the exclusive provider of vehicle valuation data.
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KAR announced the formation of its data science solutions group and leading it will be Dr. Huey Antley, he will serve as vice president and chief data scientist of this new group.
Read More →Cox Automotive has acquired a majority shareholding in Molicar, Brazil's vehicle valuations business.
Read More →AutoIMS has announced a new data partnership with Chrome Data to offer sellers standardized vehicle content data directly through the AutoIMS platform.
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AutoTrader.com has put together a top 10 list of the best used vehicles worth $13,000 or less.
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Used vehicles depreciated an average of 3.6% in the first quarter compared to 0.6% in 2015 in a signal of sharper depreciation, but values improved in March over January and February levels, according to Black Book.
Read More →Data from January to March has shown that wholesale pricing is down and sales are up for dealers, marking a good start for the used car industry so far in 2016.
Read More →KAR Auction Services, Inc. announced that its subsidiary, ADESA, Inc., has successfully completed the acquisition of eight auctions owned by the Brasher family and includes its floorplan financing business.
Read More →Manheim is expanding its Retail Solutions operations, and it's investing $5 million to add five more locations, including Manheim Orlando, Manheim Houston, Manheim St. Louis, Manheim Detroit and Manheim Darlington, SC.
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