Why disasters today pack more wallop

Rising coastal populations and technology-laden vehicles, which prompt insurers to be quicker to declare a damaged vehicle a total loss, are driving salvage auction growth.

Rule for hurricanes: 'Don't wait for it to hit'

When hurricanes Harvey and Irma slammed Texas and Florida, auto salvage auction companies were ready to respond. Here's how.


Mexico braces for influx of flood-damaged cars

Mexico auto industry officials worry that damaged vehicles from Hurricane Harvey and perhaps Hurricane Irma could find their way south of the border given lax import controls in the past.

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MORE USED CAR NEWS SALES MARKETING
CPO streak may be ending

After several record years, certified pre-owned vehicle sales have slipped into neutral. Some, mostly smaller, players are still gaining, but several market leaders are in retreat.

Used-vehicle prices falling amid glut

The average used vehicle lost 17 percent of its value in the past 12 months, dropping from $18,400 to $15,300, according to data from Black Book, an auto analytics company. With so many new cars rolling out of dealerships lots and instantly becoming used cars, the secondary market is glutted and the pace of depreciation is rapidly accelerating.

Hertz CEO touts turnaround plan after Q2 loss

Hertz says it is making advances slimming its bloated fleet of fast-depreciating cars, tempering concerns about the rental-car company's financial footing as tech giants challenge its business model.

Penske bullish on used-car ventures

When Penske Automotive agreed to buy CarSense in the U.S. and CarShop in the U.K., Chairman Roger Penske said he was "cautiously optimistic" about the used-car ventures. He has since dropped the "cautiously."

Uncertainty grips rental-car agencies

The immediate challenge is a declining new-vehicle market. Long term, the companies face disruptions to their business model from sharing services and autonomous technology.

Certified deliveries

Automakers sold 1.34 million units through the first 6 months of the year, a gain of 1.2% from the same point a year earlier. The rise comes despite 3 of the 4 largest automakers by certified pre-owned sales reporting declines in sales.

Used-car market weathers the storm

The market was bolstered in June by a dip in gasoline prices and an economy that remained strong, giving potential buyers confidence to buy used vehicles.

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