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Bernie Moreno has sold all but two of his auto dealerships to Canada’s Rafih group in an effort to devote himself more fully to his blockchain technology firm and its recently unveiled CHAMPtitles solution.
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Black Book and Fitch Ratings’ annual used-vehicle depreciation and auto ABS report predicts a 15% depreciation rate for U.S.-registered vehicles, up from 12.4% in 2018.
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Autotrader has released a list of 12 2019-MY vehicles that offer the latest in design, technology, and features and are available to U.S. buyers for $75,000 or less.
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HomeNet Automotive has partnered with J.D. Byrider to give affiliated dealers access to HomeNet’s SnapLot 360 vehicle-imaging platform.
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The Wisconsin legislature has passed a bill that would authorize the fast-tracking of auto retail fraud complaints and allow investigators to shutter dealerships earlier in the process.
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Approval rates on Swapalease’s online marketplace were up 4.8% in March, registering a 70.7% approval rate, the highest since October.
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Manheim executives cut the ribbon on a new, $4.8 million reconditioning center at the company’s second largest wholesale auction location.
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National Automotive Experts and NWAN announced the launch of Extreme Powersports, a new service contract program for motorcycles, scooters, ATVs, personal watercraft, and more.
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Denise Casagrande has been promoted from vice president of marketing to president and COO of PCG Digital.
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Black Book’s Used Vehicle Retention Index slipped again in March but showed a 1.7% year-over-year gain heading into April, when analysts expect the spring selling season to begin in earnest.
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