The advantages and attributes of electric vehicles are upending the traditional remarketing cycle, requiring fleet sellers to rely on new factors and approaches detailed below.
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RM Auctions sold an ultra-rare 1967 Ferrari 275 GTB/4*S N.A.R.T Spyder for $27.5 million, making the car the second most expensive car ever to be sold at public auction and comfortably the most expensive Ferrari ever sold at auction.
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Steve Macaluso, former director of corporate accounts for CarProof Vehicle History Reports, has joined Copart as managing director - Canadian Operations.
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Dealer’s Auto Auction of Oklahoma City launched its summer promotional season with Round 1 of its 25th Anniversary Celebration on June 27th.
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MetroGistics, a full-service vehicle transportation company, has announced the hiring of Craig Clayton as director of technology.
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Wholesale prices continued to soften in July, but less so than in June, as retail demand cushioned the blow to prices that otherwise would have occurred given continuing supply growth.
Read More →Key factors affecting prices beyond the model-year changeover are a larger number of trade-ins, with 60 percent of new-car sales involving one, according to Black Book, and a greater supply of off-lease models.
Read More →TruckPlanet, an online marketplace for buying and selling used commercial trucks, announced it will adopt a weekly auction format starting with the Aug. 15 featured auction.
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Manheim’s North American locations will recognize National Auto Auction Week, Aug. 19-23. The week is sponsored by the National Auto Auction Association (NAAA), which celebrates its 65th anniversary this year.
Read More →Compared to one year ago, cars are maintaining value slightly better, but the truck segments continue to drop.
Read More →Auctions America’s first foray into the Los Angeles market included almost 400 automobiles as well a selection of motorcycles and memorabilia and generated more than $17.2 million in total sales with nearly 84 percent of all lots sold.
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