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In addition to a greater supply of off-lease units, both ADESA and Manheim report a greater percentage of older, higher mileage rental risk units as driving down prices in wholesale channels.
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The ‘Manheim en Español’ auction was designed to meet the needs of its growing Spanish-speaking dealer base and local community.
Read More →After Hertz Global Holdings announced a rate increase for its Hertz, Thrifty and Dollar brands in mid-May, airport rental rates increased slightly, according to The Tennant Group and Rate-Highway’s 50-City rate survey. But based on the June 5th survey, the rates have turned down again.
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.
Read More →The technology and business model behind Hertz’s Rent2Buy program now applies to other big-ticket items such as real estate, boats, designer fashions and jewelry.
Read More →As businesses gear up to follow through on net zero right across the global economy, EV100 members are getting closer to achieving their fleet electrification targets.
Read More →Toyota, Porsche, General Motors and Subaru were some of the big winners in Kelley Blue Book’s 2017 Best Resale Value Awards, annual awards that recognize vehicles expected to best retain their value over the first five years of ownership.
Read More →Data shows strength in dealers bidding and buying across physical locations, Simulcast, Manheim Express, Manheim.com and OVE.
Read More →The Pipeline Market Report is the industry's first information tool driven solely by independent auction sale data, encompassing near real time results from 175+ partner operations.
Read More →“It is expected that we will see more declines in the Index in the months ahead as we move deeper into the year, particularly driven by softness among car segments,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics for Black Book.
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