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Used Vehicles News
Vroom collects $146 million in latest funding, eyes expansion with new hires
Upstart online used-car retailer Vroom said it raised $146 million in its latest round of funding, including a previously reported $50 million from AutoNation Inc.
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KAR agrees to buy European online auction service for $176 million
KAR Auction Services said it agreed to buy Belgium-based online auction company CarsOnTheWeb for about $176 million.
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CPOS sell better than non-certified vehicles
Certified pre-owned vehicles are selling quicker and with better margins, according to J.D. Power.
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KAR reports 23% rise in net income
The auction services and technology company's core businesses helped offset continued costs associated with its rollout of TradeRev.
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Lithia pours $54 million into used-car startup
Lithia Motors is investing $54 million into online used-car buying startup Shift Technologies. The money will help Shift expand technologically and geographically.
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Fewer rentals go to traditional auctions
The volume of retired rental vehicles headed for auctions is steadily on the decline.
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CPO sales back on the rise in first half of '18
Industry sales of certified pre-owned vehicles bounced back in the first half, rising 3.3 percent, after a flat performance in 2017.
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Manheim auctions get high-tech makeover
Manheim has wrapped up a three-year, $100 million high-tech makeover of its physical auctions, re-engineering every process and replacing old technology.
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ADESA's bold bid to revamp auto auctions
ADESA is aggressively enhancing its online auctions -- through technology, analytics and machine learning -- in an effort to maintain its lead in private-label sales.
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Small used-car prices rise unexpectedly
Prices for small used cars are climbing to unexpected levels- a sign that demand is growing as price-sensitive consumers face dwindling options in the new-car market.
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