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VIDEO: Kontos Kommentary for June 2018

VIDEO: Kontos Kommentary for June 2018


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Average wholesale used vehicle prices registered their fourth consecutive year-over-year price decline in June and also fell on a monthly basis at a greater-than-seasonal clip. The wholesale market has reached a steadier state in terms of “mix” than existed a year ago or two years ago, when an influx of younger, off-lease vehicles and a...
VIDEO: Kontos Kommentary for May 2018

VIDEO: Kontos Kommentary for May 2018


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Average wholesale used vehicle prices registered their third consecutive year-over-year price decline in May. However, prices were again seasonally strong and retail used vehicle sales were solid, especially for independent used vehicle dealers. Wholesale prices remain strong for off-lease vehicles, which, as noted last month, is testimony to the effectiveness of upstream sales in preventing...
How We’re Changing the Way Dealers Remarket Off-Lease Vehicles

How We’re Changing the Way Dealers Remarket Off-Lease Vehicles


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Around 80 percent of off-lease vehicles in 2018 will go through a private-label auction powered by KAR Auction Services—the parent company of ADESA. As the leader in upstream auto auctions, KAR is constantly investing in innovative technology to support the growing number of dealerships that purchase off-lease vehicles—an important trend that has helped prevent used...
AFC President Jim Money Talks Floor Planning Challenges with Used Car News

AFC President Jim Money Talks Floor Planning Challenges with Used Car News


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In December 2015, the Federal Reserve kicked off the process of raising interest rates. Soon after, car dealers experienced an increase in the cost of floor planning their inventory. Today, the federal interest rates are five times higher than they were three years ago and show no signs of slowing down—prompting dealers to overcome new,...
VIDEO: Kontos Kommentary for April 2018

VIDEO: Kontos Kommentary for April 2018


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Average wholesale used vehicle prices registered their second consecutive year-over-year price decline in April. However, April prices were seasonally strong, despite softer retail demand. Prices appeared to be particularly strong for off-lease vehicles, which is testimony to the effectiveness of upstream sales in preventing oversupply of these units at physical auctions. Watch my April Kontos...
TradeRev Talks Auction AI, Company Growth and More During Auto Remarketing Podcast

TradeRev Talks Auction AI, Company Growth and More During Auto Remarketing Podcast


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This is a guest post by James Tani, executive vice president and co-founder at TradeRev. Like ADESA, TradeRev is part of the KAR Auction Services group of companies. In just five years, TradeRev—a digital platform that facilitates live, dealer-to-dealer vehicle auctions in the United States and Canada—has grown at a rapid pace. To keep up...
More People Are Buying Electric Vehicles. Why Should Car Dealers Care?

More People Are Buying Electric Vehicles. Why Should Car Dealers Care?


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A recent survey by AAA found that one in five Americans will likely choose an electric vehicle for their next automotive purchase, up from 15 percent in 2017. While there may be a gap between intention and actual behavior (EVs make up only around 1 percent of the market), it’s clear that electric cars are...
Mobile Apps Let Dealers Do Business from Anywhere

Mobile Apps Let Dealers Do Business from Anywhere


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If you’re a car dealer who enjoys the convenience of searching and buying cars online, you’ll love mobile apps. Downloading them directly to your smartphone is quick and easy. Mobile apps allow dealers to search for cars from anywhere—their home, office, even the golf course—with just the tap of a button. Using mobile apps is...
Get to Know ADESA Fresno

Get to Know ADESA Fresno


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Located in California’s central valley, ADESA Fresno was founded as Fresno Auto Dealers Exchange in 2012. It was purchased by the Brasher family in 2014, becoming their eighth location. The auction’s first sale as Brasher’s Fresno Auto Auction was in January 2015. In 2016, KAR Auction Services, the parent company of ADESA, acquired the auction...