Small pickups and sporty cars were the top performing vehicles in their respective segments last week, according to Black Book’s Market Insights June 12 report.
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Copart, Inc. has acquired Cycle Express, LLC, which primarily conducts business as National Powersport Auctions (NPA) for an undisclosed amount, according to a company announcement.
Read More →Black Book will be powering MyDealerOnline, an online vehicle valuation resource that uploads wholesale auction and other wholesale-sourced vehicles to dealer websites, according to the company.
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Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.
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After more than a decade as president and CEO, Jim Yates will be retiring from Alliance Inspection Management (AiM) effective immediately, according to a company announcement.
Read More →Four leaders from KAR and its ADESA and Automotive Finance Corporate (AFC) business units will be featured speakers and panelists at the upcoming National Independent Auto Dealers Association (NIADA) Convention and Expo, according to a company announcement.
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IAA Portland West marks the company's third facility in the state of Oregon, alongside branches in Portland and Eugene.
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As the small crossover segment continued to thrive, sub-compact and compact car values continued their steady decline last week, according to Black Book’s June 5 Market Insights report.
Read More →Wholesale values for used vehicles reach a record-high of 127.9, while new vehicle sales dropped 2% compared to last year.
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“It is expected that we will see more declines in the Index in the months ahead as we move deeper into the year, particularly driven by softness among car segments,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics for Black Book.
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