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At 44,375 miles, average mileage in December was down from November and below its year-ago level. The Manheim Used Vehicle Index was up 1.5% from a year ago.
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Pickups, both midsize and full-size, remain the strongest segment at auction, while compact cars continue to underperform with a year-over-year decline of almost 9%.
Read More →According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, in October wholesale prices averaged $9,742 — up 2% compared to September and down 1.4% relative to October 2011.
Read More →According to ADESA, strength in October prices is partly due to more high-priced program units remarketed by manufacturers.
Read More →There is the potential to spend less money on taxes and more money on fleets. A panel at the September Car Rental Show explored the benefits of like-kind exchanges and the tax deferment options that they carry.
Read More →The new-vehicle retail market is expected to grow in 2010, with trade-in volume at dealerships improving, but the used-car retail market is expected to remain flat this year.
Read More →Wholesale used vehicle prices declined in August, bringing the Manheim Used Vehicle Value Index to a level of 120.7 — down 2.4% from a year ago.
Read More →According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, January pricing rose year-over-year as well as compared to December 2012. This rise is partly due to an influx of off-rental units that pushed average prices upward, says ADESA's Chief Economist Tom Kontos.
Read More →The Rent2Buy program gives customers the opportunity to test drive a late-model Hertz vehicle for up to ten days prior to making a decision to purchase the vehicle.
Read More →As consumer demand for used cars and trucks remained strong, wholesale used vehicle values increased in the fourth quarter and ended the year at 123.9, a 1.8% increase from a year ago and 2.1% higher than the third quarter, according to the Manheim Used Vehicle Index.
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