When Ben Lima went looking for used cars for his single point used car lot in Southern New York, he did what any good Millennial would do - He went online. As a 26-year-old, Lima has purchased wholesale cars hundreds of times but not in the traditional way. As the youngest of a three generational used [...]
Republic Street Rods in Anderson, Texas received quite the surprise Saturday afternoon when the Montgomery County Auto Theft Task Force and Grimes County Sheriff's Office raided their auction. Lt. Joe Sclider with the Montgomery County Auto Theft Task Force says, "We basically watched the auction and when they started selling vehicles we intervened." Nearly 54 cars [...]
Sporty cars and trucks were the only segments to withstand stronger downward pressure on wholesale prices at auctions. These two groups remained ahead for price retention, while most other car values experienced steeper declines. In fact, car prices fell by 0.76 percent or $94, which is the largest decline seen in 52 weeks, according to Black Book’s [...]
