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Report: Used-Vehicle Prices Up 2% From 2018

J.D. Power’s latest index finds average prices for used vehicles were up 2% year-over-year in August. Analysts say the segment will continue to drive profits for dealers for the foreseeable future.

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ADESA Livestreams CPO Auction for FCA Dealers

ADESA partnered with Fiat Chrysler Automobiles to debut the next phase of its Simulcast cloud-based online auction solution at a national meeting of franchised dealers.

4 Steps to Maximize Pre-Owned Profits

Reconsider every aspect of your sourcing, reconditioning, marketing, and lead-generation efforts to get the biggest bang for your used-vehicle buck.

Manheim Adds Vehicle Recs, Offer Tools to Mobile App

The Manheim Express mobile app now includes a machine learning-fueled Recommended tab and in-app access to the auction company’s offer management tools.

Peluso to Depart Manheim After 30-Year Tenure

Nick Peluso, president of Manheim Digital, a 30-year company veteran, and a widely recognized auction services innovator, will retire at the end of the year.

ADESA Auctions in US, Canada Get New GMs

ADESA announced the appointment of new general managers at its San Diego, Eugene, Ore., and St. John’s, Newfoundland, auction locations.

TradeRev to Open New Indianapolis HQ

KAR Auction Services will spend $3.75 million to build a new headquarters for its TradeRev division in downtown Indianapolis’ Century building, the former home of Indiana’s first automaker.

ADESA Adds Recommendations Carousel to Homepage

A new, proprietary algorithm built into ADESA.com was designed to identify the best vehicles for each dealer’s pre-owned inventory needs.

Manheim Moves to Flat Rates for Automatic Inspections

Manheim policymakers believe predictable pricing will persuade more dealers to take advantage of post-auction inspections after buying in-lane, at a physical sale, or through digital channels.

Manheim Boosts Investment in Simulcast Technology

Citing increased dealer engagement, Manheim announced the addition of a slew of new features to its Simulcast live online auction platform.