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Second quarter numbers show emerging competition for buyer choices as more models enter the market.
Second quarter numbers show emerging competition for buyer choices as more models enter the market.
KAR expects to be immediately profitable across its North American dealer-to-dealer platforms while enhancing its position in the highly fragmented wholesale used vehicle market.
With vehicle supply constraints and inflated prices now forecast through 2023, fleet operators are adjusting their duty cycles, fleet plans, and job management.
A simple camera system enables auction operations and dealers to market and sell vehicles at any point after a quick 360-round photo session.
High prices and relatively tight inventory keep more buyers at bay.
The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
Tight new-vehicle supply puts upward pressure on new-vehicle transaction prices. Affordability hits 10-year low in July.
The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
The conference will be the alliance’s first in-person event in two years and presents an active agenda for a changing industry.
The new inspection solution provides a more efficient process for clients to assess a vehicle’s exact condition before making listing and buying decisions.
As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
The company's second quarterly report in a row highlights key aggregate metrics for the auction industry.
On a year-over-year basis, all major market segments saw seasonally adjusted price increases in July.
Large rental, commercial, and government purchases of new vehicles increased 6% compared to this time in 2020, but decreased by 40% from the same time in 2019.
The annual conference will offer plenty to talk about and act on as the remarketing industry strategizes for a reset marketplace.
The 2016 Conference of Automotive Remarketing (CAR) took place March 16-17 at Caesars Palace, Las Vegas. Now in its 21st year, CAR delivered high-quality discussions and information on subjects ranging from automating the if-bid system to how to maximize auction earnings to a look forward to residual values for 2016-2017. In addition, attendees had plenty of opportunities to network and build their personal and professional connections. Photos by Chris Wolski and Steve Reed.
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