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Rental Fleet Sales Skating Just Above 2025 Levels
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
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SEARCHMENUSEARCHThe U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
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CPS (Consumer Portfolio Services) announced its top performing auctions through its Auction Recognition Program for 2013 at the CAR conference in Las Vegas in early March.
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KAR Auction Services, Inc. has announced that Don Gottwald will fill the newly created position of KAR chief operating officer.
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Manheim recently opened a new service center in Riverside, Calif., taking over a former newspaper printing plant. The result has been a boon for the auction, its partners, and the community.
Read More →Although wholesale used vehicle prices were down from January, the prices were up 0.9% on a year-over-year basis, according to ADESA. Continued wholesale supply growth was coupled with weaker retail demand.
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Wholesale used vehicle prices rose 0.8% in February while used vehicle sales declined 1.3%. The Manheim Used Vehicle Value Index now stands at 123.3, an increase of 1.1% from a year ago.
Read More →Auto manufacturers are ready to pump out more cars. Could this mean higher incentives and lower residuals?
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The string of year-over-year rate increases continues, but at a more moderate rate, according to Rate-Highway's monthly rate survey. In February, the rates increased to only $1.44 higher than a year ago.
Read More →According to ADESA, wholesale used vehicle prices continued to soften in January due to volume growth, which continues to put downward pressure on prices, and weather conditions restricting retail demand.
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After a decline in December, wholesale used vehicle prices rose 0.5% in January. The Manheim Used Vehicle Value Index now stands at 122.3, a decline of 0.9% from a year ago.
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With labor market and credit conditions continuing to improve and expected to maintain an upward trajectory in the year ahead, the environment is ripe for sustained vitality in the new, used, and wholesale marketplaces.
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