The International Automotive Remarketers Alliance (IARA) presented its 2013 IARA Special Recognition award to Mike Pitcher, president and CEO of LeasePlan USA, for his contributions in giving back.
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Used vehicles model-years 2007-2011 overall depreciated -1.4 percent in July, slightly more than the -1.3 percent pace in June and -1 percent level in May. Domestic trucks were -1.4 percent and import trucks were -1.3 percent.
Read More →Wholesale prices continued to soften in July, but less so than in June, as retail demand cushioned the blow to prices that otherwise would have occurred given continuing supply growth.
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MetroGistics, a full-service vehicle transportation company, has announced the hiring of Craig Clayton as director of technology.
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Dealer’s Auto Auction of Oklahoma City launched its summer promotional season with Round 1 of its 25th Anniversary Celebration on June 27th.
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Steve Macaluso, former director of corporate accounts for CarProof Vehicle History Reports, has joined Copart as managing director - Canadian Operations.
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RM Auctions sold an ultra-rare 1967 Ferrari 275 GTB/4*S N.A.R.T Spyder for $27.5 million, making the car the second most expensive car ever to be sold at public auction and comfortably the most expensive Ferrari ever sold at auction.
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The last retail 2014-MY Ford Shelby GT500 convertible auctioned by Ford Motor Company to benefit the Brain Injury Association of America fetched $500,000 at the inaugural Hot August Nights Auction Presented by Barrett-Jackson in Reno, Nev.
Read More →Key factors affecting prices beyond the model-year changeover are a larger number of trade-ins, with 60 percent of new-car sales involving one, according to Black Book, and a greater supply of off-lease models.
Read More →Registration is still open for the 2013 International Automotive Remarketers Alliance (IARA) Summer Roundtable, to be held Aug. 20-21 at the Hyatt Regency Dallas.
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