NYC Faces Lawsuit Over New Vehicle Auction Contract
The city's previous contractor argues it was not made aware of a new contract DCAS was working on for 10 months. It also argues the new contract will cost the city $6 million more.
The city's previous contractor argues it was not made aware of a new contract DCAS was working on for 10 months. It also argues the new contract will cost the city $6 million more.
Insights from the "cereal box" workshop at the 2022 Conference of Automotive Remarketing show how consignors and auctions can be creative in accurately pricing wholesale vehicles.
All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
Broken down, government fleets were up 5.9% YOY, commercial fleets down by 0.1%, and rental fleet volume down 33% from last May.
Its auction segment began in 2019 and has led the two segments with triple-digit growth for three years .
After including dealer and manufacturer fleet sales, the total fleet share of all sales was 14%, up 2% from April 2021's fleet share.
Combined sales into large rental, commercial and government buyers were up over 4% year over year in April.
CAR 2022 IARA Session: A crisis, trial, setback, or challenge — you can’t change the conditions, but you can summon the circumstances, a veteran U.S. Army Ranger tells a conference of vehicle remarketers.
The EV battery analytical firm is attracting investments that will help bring its data gathering and electric usage insights to a wider array of industry clients and partnerships.
Fleet share of total sales was 15% in March 2022, up nearly 2% from the March 2021 fleet share, but the number of vehicle sales remained down 11% year over year.
The collaboration will harness artificial intelligence to create accurate and consistent vehicle assessments as part of Black Widow's imaging system.
Combined sales into large rental, commercial, and government buyers were down 30% year over year in February.
With record numbers of lease-holders choosing to keep instead of return their leased vehicles, the pool of available CPO-eligible inventory is lower than usual.
Combined sales into large rental, commercial, and government buyers were down 36% year over year in January.
Combined sales into large rental, commercial, and government buyers were down 36% year over year in January. Sales into rental declined 61% YOY, sales into commercial increased 4% YOY, and sales into government declined 23%.
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