CAR 2023: A workshop will help the two remarketing segments get into each other’s heads and connect for more productive interactions.
The slowing economy has driven average vehicle sale and floor prices past a turning point compared to last year.
Used vehicle consignor CarLotz will enable Shift to pursue a new business plan focused on allowing consumers to buy vehicles online, sight unseen, for pickup or delivery.
Auctions received vehicles from a more diverse stream of sources in the last quarter as data could be signaling some inflection points in the market.
The first year of accumulated metrics from AutoIMS consignors and auctions points to a continued supply chain squeezing vehicle prices and mileage higher.
IARA 20th Anniversary Issue: Industry observer, media figure, and conference host Charlie Vogelheim has circulated throughout the automotive world, qualifying him to sum up the legacy of the IARA.
IARA 20th Anniversary Issue: Chairman and immediate past President Paul Seger and current President Jeff Bescher see positive signs of a more stable vehicle marketplace ahead.
Vehicles that were taken out of commercial, government, and daily rental fleets and sold at auction in July were worth 8.1% more than they were a year ago and 0.4% more than in June, according to Tom Kontos, KAR Auction Services' chief economist.
February provided "further concrete evidence of softening" of used vehicle prices during a month that usually shows improvement from January, ADESA's Tom Kontos wrote in his monthly Kontos Kommentary.
Toyota leads automotive brands in resale value with Subaru a close second in Kelley Blue Book's 2014 Residual Analysis Report released Monday.
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