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Demand cools for once-hot cars at auctions

It's easy to see why wholesale prices for used midsize sedans are declining: aggressively priced, subvented leases adopted two and three years ago to clear out the cars as consumer preferences shifted to crossovers and SUVs have begun to ripple through the used car market.

Just call him rate-hike Mike?

AutoNation's Mike Jackson will help to set U.S. interest rates as chair of the Atlanta Fed's board, a term that began Jan. 1.