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Manheim Sees Record Digital Adoption in First Half

The Manheim Marketplace achieved record growth across its digital channels in the first half of 2018, including double-digit growth in digital transactions, volume and sales as wholesale vehicle buyers and sellers continue to adopt a faster, more cost-effective way to move inventory.

July 18, 2018

Final VW Diesel Modification Approved

Final VW Diesel Modification Approved

Volkswagen has gained approval from air regulators of the final modification plan for the remaining vehicles that contain software designed to defeat emissions tests, the California Air Resources Board has announced.

July 17, 2018

Small Vehicles Keeping Weekly Wholesale Values Stable
Kia Growing Certified Pre-Owned Sales
Wholesale Fleet Vehicle Values Fall 1% in June

Wholesale Fleet Vehicle Values Fall 1% in June

Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

July 16, 2018

Lease Approvals Tumble in June

Lease Approvals Tumble in June

Lease credit approvals on Swapalease’s marketplace took a small dip in June, falling to 68.4%, the company noted in an announcement.

July 13, 2018

Agencies Conduct Used Car Rule Compliance Sweep of Dealers

Agencies Conduct Used Car Rule Compliance Sweep of Dealers

The Federal Trade Commission, working jointly with 12 partner agencies in seven states, conducted the first compliance sweep of car dealerships since its amended Used Car Rule took effect earlier this year, the regulator announced.

July 13, 2018

June Wholesale Prices Reach Highest Point in 2018
Sen. Schumer Calls for 'Flood Check' in Used Car Buyers Guides
Wholesale Market Sees Four Weeks of Stable Depreciation

Toyota Financial Services Names CIO

Toyota Financial Services USA has named Vipin Gupta as its new chief information officer and group vice president, the company has announced.

July 9, 2018

New Vehicle Prices Up 2% in June: KBB

New Vehicle Prices Up 2% in June: KBB

Although new-vehicle sales are expected to contract in the coming months, the average price for those vehicles is expected to rise, thanks in part to the continued shift in demand toward larger vehicles.

July 6, 2018

Small Cars and SUVs Drive Wholesale Values in June