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Used Vehicles

Auto Loans Reach $1.14 Trillion

Average monthly payments for new-vehicle purchases ($530), new-vehicle leases ($430), and used vehicles ($381) all reached new highs, growing by 4% to 6% year-over-year. Auto loans now account for a full 8% of all outstanding consumer debt — up from 6% just a decade ago.

Manheim Auctions See Used Values Grow in January

This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact cars and midsize cars, in specific, saw the strongest growth among all vehicle segments and outperformed the overall market.

Copart Opens California Location

The addition of the new location was motivated, in part, by the company's commitment to adding vehicle storage capacity in California, said Copart CEO Jay Adair.

Manheim Introduces New Vehicle-Tracking Technology

The new technology — Lot Vision — is a GPS-based wireless device placed in a vehicle's on-board diagnostics port. The tracking device can also be attached to a steering wheel in the event that a vehicle does not have an on-board diagnostic port.