The average three-year-old used vehicle cost buyers $14,443 less dollars then its new equivalent during the second quarter of 2019, according to the latest Used Vehicle report from Edmunds.
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While most wholesale vehicle segments are experiencing low levels of depreciation, heavy depreciation from luxury segments is continuing to weigh down overall wholesale values, according to Black Book’s Sept. 10 Market Insights report.
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The new location, located in Ontario, Calif., stands eight stories tall and holds 27 vehicles.
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Auction and reconditioning services provider ADESA (div. KAR Auction Services Inc.) announced the launch of Recommendations, a new solution billed as the industry’s first personalized vehicle carousel for used-vehicle dealers.
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Change is constant in the remarketing industry, and 2019 continues to see new trends emerge. Here are four trends that remarketers should have on their mind.
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Digital sales have grown 12% through the first six months of 2019, according to KAR Auction Services' 2019 second quarter earnings call.
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The device comes in the form of a low-profile tool that uses ACV's mobile hardware and software technology to provide high-resolution bumper-to-bumper view and image of a vehicle's undercarriage in less than one minute.
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ADESA has created a new role to direct and activate the team that develops relationships with its large-scale buyers and sellers.
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Depreciation among car and truck segments improved slightly last week, but overall remains fairly stable, according to Black Book's July 29 Market Insights report.
Read More →AFC, which is a business unit of KAR Auction Services Inc., has promoted Kyle Maurer to VP of operations for the East Division.
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