Increased demand at dealer lots during the Fourth of July weekend kept wholesale depreciation at stable levels compared the week before, according to Black Book’s Market Insights report for July 11.
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Auction Management Solutions, Inc. (AMS) has partnered with Rea Brothers’ Mid-South Auction (RBMSA) for business development consulting, bringing the firm’s total list of clients to 17, according to a company announcement.
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The Manheim Used Vehicle Value Index hit a record high for the second consecutive month, as wholesale used-vehicle prices rose 1.1% month over month in June. The increase brought the Index to 129.3, a 2.5% increase from a year ago.
Read More →Using internet equipment auctions can help you overcome the problems of tight timelines, market value and changing brands, according to the company.
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Carvana has expanded its next-day delivery service to Louisville, Kentucky, marking the company’s first Kentucky Market, according to Carvana announcement.
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Manheim UK recently held an offsite sale for French automaker Citroën atop a structure surrounded by ocean on all sides.
Read More →The continued weakness in the sedan segment compounded with declining fleet sales led to a year-over-year decline in new-car sales during June, according to the NADA.
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Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.03% last week, better than the average decrease of 0.17% per week in the previous four weeks.
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Volvo is rolling out electrification across it model range with a series of battery-electric, plug-in hybrid, or mild hybrid cars and SUVs.
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New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.
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