Source: Manheim
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.1 percent month-over-month in June. This brought the Manheim Used Vehicle Value reading to 129.3, which was a record high for the second consecutive month and represented a 2.5 percent increase from a year ago.
Source: Automotive Fleet
Because of new safety test results, automotive supplier Takata Corp. is recalling an additional 2.7 million driver-side frontal air bag inflators that are at risk for rupturing, the National Highway Traffic Safety Administration reported.
The national average gasoline price continues to move lower, falling to a level not seen since the Independence Day holiday in 2005, according to AAA.
Source: Automotive Fleet
The National Highway Traffic Safety Administration has designated July as National Vehicle Theft Prevention Month, which is fitting, because vehicle theft peaks during summer months.
The National Insurance Crime Bureau recommends these four "layers of protection" to guard against vehicle theft:
Source: Automotive Fleet
Wholesale auctions sold 9.8 million vehicles worth $100 billion in 2016 with the majority coming from dealer consignment, according to the National Auto Auction Association (NAAA). The association has been surveying its members for 20 years.
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