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.
Read More →Auctions America’s first foray into the Los Angeles market included almost 400 automobiles as well a selection of motorcycles and memorabilia and generated more than $17.2 million in total sales with nearly 84 percent of all lots sold.
Read More →Compared to one year ago, cars are maintaining value slightly better, but the truck segments continue to drop.
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