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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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IARA 20th Anniversary Issue: Industry observer, media figure, and conference host Charlie Vogelheim has circulated throughout the automotive world, qualifying him to sum up the legacy of the IARA.
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IARA 20th Anniversary Issue: Chairman and immediate past President Paul Seger and current President Jeff Bescher see positive signs of a more stable vehicle marketplace ahead.
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Vehicles that were taken out of commercial, government, and daily rental fleets and sold at auction in July were worth 8.1% more than they were a year ago and 0.4% more than in June, according to Tom Kontos, KAR Auction Services' chief economist.
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Toyota leads automotive brands in resale value with Subaru a close second in Kelley Blue Book's 2014 Residual Analysis Report released Monday.
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