Analysts found that, as in 2018, consumers continued to abandon car segments in 2019. Light trucks are on track to account for more than 70% of overall new-car sales for 2019, while cars will account for less than 30% of new-car sales.
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As we reach the end of 2019, we’re looking back at the top 10 news stories and top five articles posted on Vehicle Remarketing this year.
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Bruce Beam, president of ServNet Auctions and general manager of Dealers Auto Auction of OKC, outlined some of his and the organization’s goals for the coming year.
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The estimated seasonally adjusted annualized rate of U.S. new vehicle sales continues to hover around the 17 million-unit mark after several major manufacturers enjoyed year-over-year improvements in November.
Read More →Millard H. “Skip” Wolfgang III, co-owner of Pennsylvania Auto Dealers' Exchange, died Nov.1 at his home in Virginia. He was 72.
Read More →Manheim has created a new role, vice president of Industry Partnerships, and has appointed Julie Picard to it.
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The whitepaper titled “Certification Impact on Low Grade & High Mileage Units” found that certified wholesale vehicles sell 4%-8% faster than uncertified vehicles.
Read More →Cox Automotive has appointed Scott Maybee as president of NextGear Capital.
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KAR Auction Services Inc. has rebranded and will begin doing business as KAR Global, the company announced.
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Cox Automotive forecasts 1.25 million new-vehicle sales in September 2019, which would represent a 14% drop from the previous year.
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