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Wholesale Fleet Vehicle Values Fall 1% in June

Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

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Used Fleet Vehicle Prices Rise Incrementally

Wholesale vehicle prices for former fleet vehicles at auction increased 0.8% in May from April and have increased 6.8% from a year ago in a "seasonally strong" market, according to Tom Kontos, KAR Auction Services' chief economist.

Fleet Lease Consignor Prices Rise 2.3%

Off-lease vehicles from fleet consignors in the rental, commercial, and government sectors increased 2.3% in April from March and increased 5.8% from a year ago, according to analysis from KAR Auction Services.

How Disruption Is Affecting the Auto Industry

Disruption in the automotive industry will affect many businesses with close ties to it, including those in wholesale remarketing, health care, and accident litigation.

Meet GM's Jennifer Costabile

With an eye toward the future, Costabile focuses on relationship building, networking, and growth.

Late-Model Auction Volume Slips 1.6% in April

Late-model auction volume was down 1.6% year-over-year in April, according to J.D. Power’s May Used Car and Light Truck Guidelines. Overhaul Adds Topics

Bobit Business Media's has undergone a complete redesign that makes the website a robust, efficient resource for consignors, auctions, and other remarketing professionals.

Last Dodge Demon, Viper Coming to Barrett-Jackson

The last 2018 Dodge Challenger SRT Demon and 2017 Dodge Viper will be auctioned off at Barrett-Jackson's Northeast auction as part of a charity sale, according to the auction company.

Used Sales Will Rise, New Sales Will Fall in 2018, Cox Says

Used-vehicle sales will rise and new-vehicle sales will fall in 2018, while total sales will reach 56.2 million, which would represent a second year of declines for the automotive industry, according to a Cox Automotive forecast.

Car Values Down for First Time in 2 Months

Average wholesale car segment values were down last week, breaking a two month streak of rising car values, according to Black Book’s May 14 Market Insights report.