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.
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.
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.
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.
Millard H. “Skip” Wolfgang III, co-owner of Pennsylvania Auto Dealers' Exchange, died Nov.1 at his home in Virginia. He was 72.
Manheim has created a new role, vice president of Industry Partnerships, and has appointed Julie Picard to it.
The whitepaper titled “Certification Impact on Low Grade & High Mileage Units” found that certified wholesale vehicles sell 4%-8% faster than uncertified vehicles.
Cox Automotive has appointed Scott Maybee as president of NextGear Capital.
KAR Auction Services Inc. has rebranded and will begin doing business as KAR Global, the company announced.
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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