Manheim is gearing up to celebrate the National Auto Auction Association-sponsored Auction Week, according to a company announcement.
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J.D. Power will begin offering its monthly Used Vehicle Price Index that tracks current and estimated future movement of wholesale used vehicle prices at the industry and segment level, the consultant and data provider announced.
Read More →KAR Auction Services, Inc. has created the KAR Remarketing Services operating segment to align its AutoVIN, Dent Demon, High Tech Locksmiths, and PAR North America businesses, the company has announced.
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Insurance Auto Auctions, Inc. (IAA) has secured 22 locations across 10 states in preparation of the storm season to better manage salvage inventory from potentially catastrophic events, according to a company announcement.
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For the second quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.2 billion, a 2% decline versus second quarter 2016. Hertz reported a net loss of $158 million, including $54 million of impairment charges.
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Overall car and truck segments reported better week-over-week retention, according to Black Book’s Aug. 7 Market Insights report.
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Jay Cadigan will retire from Manheim, capping a 40-year career in the remarketing industry that included stints at auctions, as well as leasing companies and rental car operators.
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Avis Budget Group has reported revenue of $2.2 billion for its second quarter 2017, unchanged compared to Q2 2016. This is primarily due to an increase in overall rental days being offset by a decrease in pricing.
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Jumpstart Automotive Media today released its monthly share of shopper interest data. The report reveals that subcompact SUVs and CUVs saw a 37% increase in interest across Jumpstart’s portfolio of sites in the first half of 2017 (H1 2017) when compared to the first half of 2016 (H2 2016).
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The streak continued in July, with the Manheim Used Vehicle Value Index recording its third consecutive record in July. Driven by the 0.75% month-over-month increase in wholesale used-vehicle prices, the index rose 2.6% from a year ago to 130.1, according to the firm.
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