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2023 saw subtle yet significant shifts in the auto auction market based on key metrics.
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The slowing economy has driven average vehicle sale and floor prices past a turning point compared to last year.
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Auctions received vehicles from a more diverse stream of sources in the last quarter as data could be signaling some inflection points in the market.
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The latest quarterly report from AutoIMS underscores the trends steering the remarketing and auction industries.
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The company's second quarterly report in a row highlights key aggregate metrics for the auction industry.
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Auctions, consignors, and transporters can use a new, connected mobile application that helps tighten the chain of custody, ease communication, and create transparency.
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The partnership and API integration will allow Acertus to connect to AutoIMS as a logistics provider, connecting automotive auction and consignment shippers to capacity of pre-approved, vetted carriers representing 20,000 trucks.
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The Manheim Adjusted MMR is a wholesale vehicle valuation rating that includes aspects such as a vehicle’s AutoGrade condition, exterior color, mileage, and region.
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