Tom Kontos and Charles Chesbrough will lead a discussion on economic trends affecting the remarketing industry at the upcoming 2018 IARA Summer Roundtable.
Read More →The new facility offers more than twice the storage of the previous Wichita-located facility, and features expanded drop zones and an improved vehicle inspection center.
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Auction volume was down 2.3% year-over-year for units up to five years old, and on a month-over-month basis, volume was down 16.3%, according to J.D. Power’s July Used Car and Light Truck Guidelines.
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Manheim Express, a mobile app that allows dealers to list and sell inventory from their lots or in-lane, is now available nationwide after an eight-month pilot, according to a company announcement.
Read More →KAR Auction Services has joined the Mobility Open Blockchain Initiative (MOBI), a consortium of global automotive industry leaders exploring block chain technology’s potential use in the digital mobility ecosystem.
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A strong retail market has led to fewer no sales and continued stable wholesale prices, according to Black Book’s July 23 Market Insights report.
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Economic growth and positive consumer sentiment helped drive June’s depreciation rates to the lowest levels seen in five years, according to Black Book.
Read More →ADESA has named managers for auction locations in San Diego and San Jose as well as a new executive sales director for the company, corporate parent KAR Aucton Services, Inc. has announced.
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The International Automotive Remarketers Alliance (IARA) has announced that Felipe Smolka, executive vice president of transformation for LeasePlan USA, will be providing a keynote presentation at the 2018 IARA Summer Roundtable.
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June was an especially strong month for the used-vehicle market, resulting in J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index increasing 1.2 points from May to 118.2. Compared to a year ago, the index was up 4.1 points.
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