Copart CEO Jay Adair stated that this new location is a strategic step in expanding the company's footprint in the state.
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Prompted by a severe shortage of auto technicians nationwide and fast-growing need by clients for the company’s reconditioning services, Manheim has launched its own apprentice program, the company announced.
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AutoNation Inc. announced that CFO Cheryl Miller has been appointed president and CEO, replacing Carl Liebert, who joined the company in February. She becomes the first female CEO of a publicly traded automotive retailer.
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The average transaction price for a light vehicle in the U.S. in June was $37,285.
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KAR Auction Services has successfully completed its previously announced separation of Insurance Auto Auctions (IAA).
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Originations for car buyers and lessees with sub-620 credit scores grew 13% to $27.9 billion, accounting for 21.8% of total outstanding auto balances in the Fed's latest Household Debt and Credit report.
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EchoPark doubled the amount of used vehicles it sold in the first quarter of 2019, signaling a growing demand for used vehicles.
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Current sales of electric vehicles are largely driven by incentives, and while incentives help move the metal on the new-vehicle front, they have a negative effect when it comes to residual values.
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The class will launch in Nashville, Tenn. on May 16-18, according to Auction Academy.
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View photos from the 2019 Conference of Automotive Remarketing, which took place from March 25 to 27 at Caesars Palace Las Vegas.
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