The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at 1.5% after starting the year at 2.25%.
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Jeep's four-door Wrangler has placed at the top of a list of 10 vehicles that retain the highest percentage of their value over a five-year period, according to the latest report from iSeeCars.
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KAR Global's Openlane digital marketplace has given $10,000 in donations to two organizations and will launch an employee engagement initiative in 2020 to support coding education in Canada, the business unit has announced.
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Holly Capps has been promoted to senior vice president of Manheim sales, reporting to Cox Automotive CSO Tim McKinley, the company announced. Capps had served as the Manheim sales leader on an interim basis since July.
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The XLerate Group has acquired Columbus Fair Auto Auction (CFAA), the group now operates under thirteen auction brands
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After several weeks of accelerated depreciation, this week's Black Book Market Insights report shows more stable wholesale values.
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Subcompact crossovers were the only segment that saw a positive change last month, compact vans and luxury cars saw the biggest declines.
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Bruce Beam, the general manager of Dealers Auto Auction of Oklahoma City will serve as ServNet's president for the next two years.
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In the 2019 fiscal year, the organization recorded more revenue, transactions, vehicles, locations, and customer miles logged than ever before.
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The value of former fleet vehicles sold at physical auctions and through other wholesale channels fell 1.6% in September compared to August but were 0.9% higher than a year ago, according to commentary by KAR Global's chief economist.
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