Overall car segment values were down 0.08%, compared to a 0.08% increase the week before. Overall truck segment values were up 0.09%, compared to an increase of 0.05% the week before.
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Manheim announced a new integration designed to make it easier for dealers to schedule transportation for vehicles they buy at wholesale. Manheim's buyers now have seamless access to Central Dispatch's digital shipping platform to directly list vehicles on Central Dispatch.
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Alliance Auto Auction will build its fifth auction facility in Texas — a six-lane facility on the northeast side of Austin, the company's CEO has announced.
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The Kansas City vending machine marks the first vending machine in Missouri and the 18th machine in the U.S.
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Following this Q1 start, the managing board of Sixt confirms its outlook for the entire fiscal year of 2019 and plans investments of around 8 billion euros ($9 billion).
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KAR Auction Services' ADESA business unit sold 367,000 vehicles through a digital channel in the first quarter of 2019, an increase of 58,000 year-over-year.
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Gains last week were minimal, remaining essentially flat from the week before, signaling an end to the price gains the market has experienced.
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Total U.S. rental car revenues increased 7%, compared to the first quarter of 2018.
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Black Book's Used Vehicle Retention Index fell to 113.6 in April, a 0.2% decline from March. Despite the index now falling for five straight months, it is still 1.4% higher than the 112 registered a year ago.
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U.S. new-vehicle dealers sold 1,328,649 cars and light trucks in April, a 2.3% year-over-year decline and a full 3% loss to start the year compared with the first four months of 2018.
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