Manheim’s used vehicle value index — which tracks how wholesale used vehicle prices change month-to-month — for December came in at 132, 1.91% month-over-month decrease and an increase of 5.6% year-over-year.
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Carvana has added a fifth market in Texas by adding Corpus Christi to the list of cities it offers next-day delivery, bringing the number of markets that Carvana is in to 44.
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Carvana has added a fifth market in Florida in Fort Myers to the list of cities it offers next-day delivery, bringing the number of markets that Carvana is in to 42.
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Carvana has expanded its presence in California with the addition of Bakersfield, Calif. to the list of cities it offers next-day delivery to, marking the company’s 40th market since its inception.
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The Appraisal Lane, a mobile app that connects auto dealers with a community of appraisers and buyers, recently reached 100,000 live vehicle trades through its app, according to a company announcement.
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This marks the 39th market that the company has expanded into as well as the first market that the company has entered in Nevada.
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Copart has added 19 acres of land to its Memphis, Tenn. location in its latest expansion. So far this year, the company has opened over 12 new yards and expanded over seven of its existing locations, according to the company.
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Depreciation trends for both car and truck segments are seasonally lower than what is normally expected this time of year, according to Black Book’s Oct. 23 Market Insights report.
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AutoBuy, a used-car consignor, has opened two new locations, bringing the company’s total bricks and mortar locations to eight, and increasing its buy/sell capacity by more than 40%.
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While summer hasn’t quite reached its end, the approaching fall season is already having some effect on the types of cars selling at Midwest auctions.
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