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New-Vehicle Affordability Crunch Benefiting CPO Sales
ADESA Replaces LiveBlock with Simulcast

ADESA Replaces LiveBlock with Simulcast

ADESA is replacing its LiveBlock service with ADESA Simulcast, giving its customers an expanded method of joining live sales online, the company announced.

April 16, 2019

Cox Automotive Invests $30M in 3D Imaging Company

Cox Automotive Invests $30M in 3D Imaging Company

The investment will benefit Cox's Manheim by creating a partnership that will provide Manheim with 3D, 360-degree images, of the vehicles available on Manheim's online marketplace.

April 15, 2019

2019 Depreciation Rate Up Sharply to 15%

2019 Depreciation Rate Up Sharply to 15%

Black Book analysts forecast an annual depreciation rate of 15% in 2019 as the supply of used cars and trucks increases, up from a "noticeably strong" 12.4% depreciation rate in 2018.

April 11, 2019

Spring Bounce Overrides Slow Tax Season at Auctions
Wholesale Market's Slow 2019 Start Sped Up in March

Wholesale Market's Slow 2019 Start Sped Up in March

The lull that the wholesale market experienced through January and February was upended in March, as the industry saw the traditional spring bounce in values, according to the most recent Manheim Index report.

April 8, 2019

10 Vehicles Most Likely to Enter Used Market After 1 Year
Manheim Reconditioning Exec Speaking at CAR

Manheim Reconditioning Exec Speaking at CAR

Ben Flusberg, associate vice president of Manheim's new M Logic suite of products, will speak at the 2019 CAR Conference on March 26 about ways to optimize reconditioning spend.

March 12, 2019

Auto Loans Reach $1.14 Trillion

Auto Loans Reach $1.14 Trillion

Average monthly payments for new-vehicle purchases ($530), new-vehicle leases ($430), and used vehicles ($381) all reached new highs, growing by 4% to 6% year-over-year. Auto loans now account for a full 8% of all outstanding consumer debt — up from 6% just a decade ago.

February 22, 2019

These 3 Trucks and SUVs Saw the Heaviest Depreciation After a Year
Manheim Auctions See Used Values Grow in January

Manheim Auctions See Used Values Grow in January

This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact cars and midsize cars, in specific, saw the strongest growth among all vehicle segments and outperformed the overall market.

February 13, 2019

Bank of America Integrates Carvana into Digital Car Shopping Platform

Copart Opens California Location

The addition of the new location was motivated, in part, by the company's commitment to adding vehicle storage capacity in California, said Copart CEO Jay Adair.

February 7, 2019

Stable Prices Continue for Used Cars and Trucks