
According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.
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Nearly three in five (58%) of those planning to spend their 2019 tax refunds intend to put them toward a car purchase, the survey found.
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The memories of the stripped-down rental car are gone. What’s changed, and how has it affected the new and used vehicle ecosystem?
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The fully automated damage inspection portals from ProovStation can identify scratches as small as a millimeter, according to the company.
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The used car market has adopted a Swiss Army-knife approach to managing the “off-lease tsunami,” which turned into a manageable rising tide. Are new market dynamics breathing life into a segment left for a dead, the midsize sedan?
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The annual program recognizes Enterprise Holdings’ automotive auction partners for their exceptional services and support efforts to remarket the company’s late-model, low-mileage, well-maintained rental, and fleet vehicles to potential buyers.
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Manheim's president who oversees the inventory solutions unit offers thoughts on fleet mobility services, bringing artificial intelligence to inspections, and the company's diversification strategy.
Read More →Sales into rental fleets are up in the first quarter, while residual values are softening. Are higher fleet costs and over fleeting on the horizon?
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The passenger car segment was a main contributor to the the rise in used-vehicle prices in 2018.
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The average value of used fleet vehicles increased 1.5% in August from the prior month and are now up 8.5% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.
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