Edmund Field will act as president of the company, which offers extended service contract protection plans for pre-owned vehicles at independent used car dealerships and at small franchise retail automotive and power sport dealers.
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Manheim Express, a mobile app that allows dealers to list and sell inventory from their lots or in-lane, is now available nationwide after an eight-month pilot, according to a company announcement.
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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.
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More stringent guidelines may be coming to used car Buyers Guides, the document that dealers need to include in every used car they offer for sale, according to the Associated Press.
Read More →The escalating trade disputes between the U.S. and Europe may have an adverse effect on the used car market.
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The Mercedes-Benz C-Class topped a list of the most recalled cars in recent model years, while the Hyundai Accent was the least-recalled vehicle during the same period, according to a report on ISeeCars.com.
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The structure stands eight stories tall and holds 30 vehicles, similar to other Carvana vending machines. This marks the 11th vending machine nationwide and the third vending machine in Florida for Carvana.
Read More →Carvana has opened up a new car vending machine in Washington, D.C., making this the third vending machine the company has opened this year, and the tenth overall, according to a company announcement.
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Depreciation for both cars and trucks were at higher levels than what’s been observed in the last few weeks, in large part due to the weak performance of luxury vehicles.
Read More →The loan amount for a new vehicle in the first quarter of 2018 was $31,445, $921 higher than the same period in 2017. In the used segment, the average loan amount for a vehicle was $19,536, $410 higher compared to the year-ago period.
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