Integrated Auction Solutions, LLC (IAS), has named the members of its executive team.
Read More →Manheim opened a Retail Solutions Center in Flat Rock, MI to provide dealers with access to services that produce retail-ready vehicles. Retail Solutions’ offerings include acquisitions, inspections, reconditioning, merchandising, transportation and more.
Read More →Black Book announced it has forged another distribution agreement with a marketing agency. This time, the vehicle valuation firm has teamed with Outkazt Media, which will leverage Black Book’s Bullseye Prospecting solution in dealer marketing campaigns.
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The average wholesale used-vehicle price in June was $10,55, a 1.5% decrease from May but a 3.3% increase from a year ago, according to ADESA Analytical Services. The firm attributed the month-over-month decline to the typical falloff in prices from May to June, and the year-over-year increase to the continued price strength of trucks.
Read More →Columbus Fair Auto Auction has developed its own compliance department so it can apply resources on safety, environmental, and other high profile regulatory issues, the family-owned auction has announced.
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This week’s Black Book Market Insights report showed depreciation across the board for all car and truck segments, with particular emphasis on trucks and small crossover segments.
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The average price of a used vehicle for model years 2011-2015 depreciated 1.7% in June, following light depreciation in May. These vehicles fell 15.4% in value from year-ago-levels, according to Black Book.
Read More →Copart, Inc. has opened its latest location in Cartersville, Georgia.
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Wholesale used vehicle prices increased for the third consecutive month in June, and are now at their highest level in more than four years.
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This week’s Black Book Market Insights report shows how smaller and mid-size car segments are continuing to lead with some of the largest depreciation rates seen in a while. Sub-compacts in particular have demonstrated significant depreciation over the last four weeks at -2.87%.
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