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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The average wholesale used-vehicle price in June was $10,55, a 1.5% decrease from May but a 3.3% increase from a year ago, according to ADESA Analytical Services. The firm attributed the month-over-month decline to the typical falloff in prices from May to June, and the year-over-year increase to the continued price strength of trucks.
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Columbus Fair Auto Auction has developed its own compliance department so it can apply resources on safety, environmental, and other high profile regulatory issues, the family-owned auction has announced.
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This week’s Black Book Market Insights report showed depreciation across the board for all car and truck segments, with particular emphasis on trucks and small crossover segments.
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The average price of a used vehicle for model years 2011-2015 depreciated 1.7% in June, following light depreciation in May. These vehicles fell 15.4% in value from year-ago-levels, according to Black Book.
Read More →Copart, Inc. has opened its latest location in Cartersville, Georgia.
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Wholesale used vehicle prices increased for the third consecutive month in June, and are now at their highest level in more than four years.
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This week’s Black Book Market Insights report shows how smaller and mid-size car segments are continuing to lead with some of the largest depreciation rates seen in a while. Sub-compacts in particular have demonstrated significant depreciation over the last four weeks at -2.87%.
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Manheim’s dealer-only “Cargaritaville” regional auction will offer more than 40,000 used vehicles. This third annual event is expanding beyond its traditional Florida locations to other regions in the Southeast, including Alabama, Georgia, North Carolina, South Carolina, and Tennessee.
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The ADESA Indianapolis auction raised more than $34,000 for JDRF, a leading advocacy group for people with type 1 diabetes.
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Tom Stewart of Stewart Enterprises Inc., and Richard Curtis of RW Curtis, Consulting LLC have partnered to create Auction Management Solutions, Inc. (AMS).
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