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Electrifieds Lead EU New-Vehicle Sales
Hybrids in particular lead not only EV market share but all power trains on the continent so far this year as gas and diesel continue their decline.
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SEARCHMENUSEARCHHybrids in particular lead not only EV market share but all power trains on the continent so far this year as gas and diesel continue their decline.
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According to the firm, the RelayCars virtual reality app has been downloaded more than one million times since launch. It provides an immersive automotive VR experience that lets users explore every make and model available since 2015 in six different virtual showrooms.
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The price of cars dropped 1.8%, while trucks recorded a 0.8% decline in value for the month of June. Small pickups registered the lowest monthly depreciation, while subcompact cars recorded the largest depreciation in June.
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Average wholesale prices in June were down vs. June but up vs. a year ago. A drill down into the data, however, reveals price softening on a year-over-year basis when accounting for sales type, vehicle age, model class, and mileage, KAR Chief Economist Tom Kontos said this week.
Read More →Manheim has opened new auction sites in Alabama, Georgia, Illinois, North Carolina, West Texas and Utah.
Read More →DAS’s Mission Control Consumer Intelligence and Engagement Platform earned a People’s Choice Award for Favorite New Product in the 2017 American Business Awards.
Read More →The new site features responsive design and delivers near real-time title, salvage, and insurance total loss events. It also offers optional auto factory window stickers with original build data.
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The index’s rise in June was due in large part to falling gas prices, which helped drive the sale of used trucks, crossovers and SUVs. The downside of falling gas prices was the continued acceleration in depreciation for subcompact and compact cars.
Read More →LotLinx has launched a new, mobile car shopper conversion-enhanced product suite for auto dealers.
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Cox Automotive’s Jason Barrie, who has helped drive Dealertrack’s evolution from credit application portal to an enabler of sales and F&I workflow since 2005, says technology won’t kill F&I. He will be at Industry Summit 2017 to explain why.
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It was the second consecutive month that Manheim Used Vehicle Value Index reached a record high. Officials said strong retail demand for recent model-year used vehicles is encouraging dealers to buy more vehicles at auction, and the increased demand is more than offsetting the high supply.
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