Hertz shares bear brunt of 'freak out' over used-car price drop

As investor concern spreads about the plunging prices of used cars in the U.S., one company and its top investor are enduring the biggest beating: Hertz and Carl Icahn.


Compacts show strength

Tax refunds, often used as down payments on used cars, have trickled out more slowly this year. In turn, previously beaten-down prices of used compact and subcompact cars have shown strength in recent weeks, according to Black Book data.


Number-crunching leads auction houses to consolidate

A growing reliance on data and analytics in the remarketing space is driving recent auction consolidation, some industry experts say.

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Compacts show strength

Tax refunds, often used as down payments on used cars, have trickled out more slowly this year. In turn, previously beaten-down prices of used compact and subcompact cars have shown strength in recent weeks, according to Black Book data.


Big auction houses strive for velocity

The glut of off-lease vehicles returning to market is causing the nation's two largest auction groups to double down on the concept of velocity -- albeit in slightly different ways.


Used-car depreciation to accelerate

Vehicle depreciation will reach 17.8 percent this year, up from 17.3 percent in 2016 and toward the high end of pre-recession annual depreciation, a report says.


Conn. auction bill 'deader than dead'

A proposed Connecticut bill that would have required auctions to post their fees conspicuously has been dropped from consideration following pushback from local auction houses, according to a proponent of the bill.


Auction houses cope with crowded lots

Investments in technology and analytics help auctions move vehicles through the system faster, but the remarketing industry should not lose sight of the importance of asphalt, says Tom Webb, Manheim chief economist.


CarMax opens first four-lane auction on West Coast

CarMax opened a vehicle reconditioning and four-lane auction center in Murrieta, Calif., on Thursday, making it CarMax’s largest multipurpose location on the West Coast, the used-vehicle mega-retailer said.

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