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NewsSeptember 29, 2017

Carvana Opens New Vehicle Inspection Center Near Phoenix Headquarters

Carvana has opened a new vehicle inspection and perfection center in the Phoenix suburb of Tolleson, Ariz., according to a company announcement.

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NewsSeptember 29, 2017

Pickup Truck Interest Rises in the Aftermath of Hurricanes

Pickup trucks have seen a surge in consumer interest in the aftermath of Hurricane Irma and Harvey, according to Jumpstart Automotive Media.

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NewsSeptember 27, 2017

Edmunds Forecasts Slight Bump to New-Vehicle Sales in September

Edmunds forecasts that approximately 1.4 million new cars and trucks will be sold in September across the United States, for an estimated seasonally adjusted annual rate of 17.5 million, according to a company announcement.

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NewsSeptember 27, 2017

Hurricane Boost to Vehicle Sales May Last Until November

The demand for replacement vehicles has already started, and experts say it will continue well into October, and possibly November, as insurance payouts are received.

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NewsSeptember 26, 2017

Cox Automotive Taps Huang President of Inventory Solutions

Cox Automotive has named Grace Huang as president of Cox Automotive Inventory Solutions, which includes brands such as Manheim, Ready Logistics and RMS Automotive, according a company announcement.

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NewsSeptember 26, 2017

Hurricanes Drive Down Weekly Wholesale Depreciation

The average wholesale value of cars and trucks saw little depreciation last week, as lane activity has increased as a result of the recent hurricanes, according to Black Book’s Sept. 25 Market Insights report.

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NewsSeptember 25, 2017

AutoIMS Finds 10 Most Common Auction Charges

By analyzing 347,000 vehicle sales from a 30-day period of auction sales, AutoIMS found that the average total charge amount per vehicle during this period was $385.

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NewsSeptember 22, 2017

CitiFinancial Pays $907K to Settle Military Repo Charges

CitiFinancial Credit Company has agreed to pay $907,000 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by repossessing 164 cars without first obtaining the required court orders.

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NewsSeptember 22, 2017

Dealers More Optimistic About Used Car Market vs. New

Franchise dealers now view the used car market more optimistically than the new vehicle market, according to a new sentiment index from Cox Automotive. The finding speaks to the current shift of car buyers with prime and subprime credit toward the used market.

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NewsSeptember 21, 2017

Autotrader Names Top CPO Programs for September

Autotrader has named its top eight certified pre-owned (CPO) programs for September.

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