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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KAR Auction Services, Inc. raised $242,884 for the United Way of Central Indiana (UWCI) during the company’s annual fundraising campaign.
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Barrett-Jackson will showcase its Salon Collection in Scottsdale, Ariz., which will include classic cars that were affiliated with renowned figures in pop culture.
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Readers of VehicleRemarket.com gravitated to trending topics such as managing depreciation, technological updates, General Motors' online used-vehicle program, truck depreciation, and lists of the best used cars by mainstream media outlets.
Read More →Edmunds.com is forecasting the sale of 1,629,011 new cars and trucks in December. If realized, the prediction puts the seasonally adjusted annual rate (SAAR) at 17.7 million, an 18.5% increase from the same time last year.
Read More →For the second time in 10 years, the Federal Reserve's Federal Open Market Committee unanimously voted to raise the federal interest rate on Wednesday, Dec. 14, increasing it by a quarter of a point to a range of 0.50% to 0.75%.
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In the past year, ServNet acquired four new auctions to its group, and expanded several existing locations.
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While truck segments retained their values better than cars, subcompact vehicle values in both car a truck categories showed steeper declines compared to all other vehicles.
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Volkswagen has reached an agreement to settle claims relating to its 3.0L V-6 TDI engines with a commitment to buy back a quarter of the vehicles, set aside $225 million toward emissions reduction, and pay $25 million to support the use of zero emission vehicles (ZEVs) in California.
Read More →A new threat to used vehicle prices seems to be arising from increased new vehicle incentives, which have been relatively benign through this cycle of price softening.
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Maserati North America has partnered with Manheim to centralize its processes for wholesaling vehicles, including revamping its fleet management program and the liquidation of its off-lease, buyback, and company-owned units.
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