News
Used EVs Strengthen Overall Electric Vehicle Market
The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
Read More →The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
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Black Book's Used Vehicle Retention Index for November, rose 0.3% month-over-month from 114.6 to 115.0, its third straight monthly increase dating back to August when it was at 112.6.
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Carvana has added a second market in its home state of Arizona with the addition of Tucson to its list of cities it offers next-day delivery to, according to a company announcement.
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TradeRev has released an update to its mobile app that will leverage KAR Auction Services, Inc. in order to bring a host of new features to its mobile platform, according to a company announcement.
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KAR Auction Services, Inc. has committed $250,000 to City Life Wheels of Central Indiana, a non-profit that uses donated vehicles to teach Indianapolis youth basic auto maintenance and repair skills, according to a company announcement.
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Respectively, subcompact cars, compact cars, and subcompact crossovers realized the highest depreciation rates among all vehicles tracked at 1.12%, 0.86%, and 1.38%.
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State Line Auto Auction will be selling three Oldsmobile vehicles that were previously housed in the General Motors heritage center on Dec. 15.
Read More →MetroGistics Holdings has acquired a title and registration services company that services the fleet industry and auto dealers to further expand its reach as a vehicle logistics organization.
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Auction leaders raised over $50,000 in November to go toward melanoma research at the Winship Cancer Institute of Emory University, in honor of Henry Stanley, the owner of the Carolina and Indiana Auto Auctions and previous winner of Bobit Business Media’s Remarketer of the Year Award.
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Voting has opened for the 2018 Consignor of the Year, an award sponsored by Bobit Business Media and the National Auto Auction Association.
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The average transaction price for a new vehicle in November was $35,870, a 1.6% rise from the same time last year, according to Kelley Blue Book.
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