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KAR's TradeRev adds features

A new version of TradeRev's used-vehicle purchasing mobile app, from KAR Auction Services, has added dealer-support features.

Hertz's bid to rely less on auctions starts to pay off

Hertz disposed of a growing share of its retired vehicles through channels other than auctions in the third quarter, and expects that growth to continue.


Economists expect sales of used cars to rise in '18

In contrast to new-vehicle sales, U.S. used-vehicle sales will rise in 2018, even as prices soften, on rising volumes of off-lease vehicles, economists forecast.

MORE USED CAR NEWS SALES MARKETING
UPDATED: 11/8/17 1:55 pm ET - corrected
Ally provides $2 billion in financing to Carvana

Ally Financial is tripling its bet on one of the auto industry's disrupters by committing $2 billion to finance retail contracts for online used-vehicle retailer Carvana over the next year.

Scott Painter's startup gets big lift

A startup trying to create a new channel for selling used vehicles just got almost $1 billion -- and a de facto endorsement from two major industry players.

Fast recon boosts high-quality used inventory

As profit margins for new vehicles shrink, dealerships are looking to make more money from selling used cars and trucks. The number of U.S. vehicles coming off lease represents a treasure trove of potential inventory.

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