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wholesale

What’s the reason behind fluctuating wholesale values?

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Wholesale values fluctuated significantly throughout the past month leaving many of you wondering what this means for you, the industry, and why it is happening. Jasen Rice, President, and CEO of Lotpop and the host of Used Car Weekly on CBT, spent more than eight years training dealers on used car inventory management before starting […]
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marketing used cars

Is having a wholesale profit a bad thing nowadays?

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Welcome to this week’s episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the used car department, in-depth dealer interviews, hands-on dealership strategies, as well as vendor analysis. Today, host Jasen Rice, founder of Lotpop, poses the question, is having a wholesale profit bad nowadays? Making a […]
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marketing used cars

How will the recent hurricanes affect the used car market?

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Welcome to this week’s episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the used car department, in-depth dealer interviews, hands-on dealership strategies, as well as vendor analysis. Today, host Jasen Rice, founder of Lotpop, talks about how hurricane season and the wholesale market are going to […]
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inventory

Dealers see used inventory prices continue to climb at auction

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The Used Vehicle Value Index published by Manheim reports that total used vehicle sales were up 69% year over year in April, pushing the used SAAR for the month up to 41.0 million units and the used retail SAAR up to 22.4 million. The explosive growth in used vehicle sales over last year’s weak retail […]
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wholesale

Record high wholesale prices reflect tight used inventory, strong sales

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The cost per unit to purchase inventory for the used car lot continues to increase as the second quarter of 2021 kicks off. The Manheim Used Vehicle Index for March reached a record high of 179.2, reflecting an increase of 26.2% from the same time last year. From the previous month, the Index rose by […]
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KAR Global makes digital waves by acquiring BacklotCars

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KAR Global announced a definitive agreement to acquire BacklotCars Inc. According to a KAR Global, the deal is still subject to certain regulatory approvals and other customary closing conditions before it can be made official. The purchase price of the acquisition is totaled at $425 million with the pending transaction set to close year-end pending […]
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EBlock

How EBlock is Bringing Auctions into the Future by Combining Traditional...

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Recently, the CBT Automotive Network was on-location at NADA 2020 in sunny Las Vegas where host Jim Fitzpatrick spoke with Jason McClenahan, President and...
wholesale

What an Increased Demand in Used Vehicles Means for Your...

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It’s no secret to anyone that vehicle affordability issues continue to arise, and that means more customers are looking to purchase used cars. Here to tell us how the increase in used car demand will affect your dealership’s inventory, is Patrick Janes. Patrick is the director of wholesale management solutions and stockwave for vAuto. VIDEO […]
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digital tools

NADA 2019: Manheim, Ed Berkowitz

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Ed Berkowitz, Vice President of Product Management at Manheim, joined us on stage at the NADA 2019 Show. We spoke with him about the buzz circulating around wholesale,...