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Used-Car Frenzy Makes for Record Prices, 'Cutthroat' Sales Floor

Used-Car Frenzy Makes for Record Prices, ‘Cutthroat’ Sales Floor Jul 17 2021, 2:52 AM July 16 2021, 6:30 PM July 17 2021, 2:52 AM (Bloomberg) -- James Forcinito is itching to replace his 16-year-old Hyundai with almost 200,000 miles on it. The school psychologist browsed at new car dealers, but found few models on the lot and steep prices. So he turned to the all-caps come-ons and flapping flags at the used-car lots lining Northern Boulevard in Queens, New York — but he ...
New York United States Matt Trapp Jeff Schuster Ivan Drury James Forcinito

KAR Auction Services, Inc (NYSE:KAR) - Recap: KAR Auction Services Q1 Earnings

Price action over last quarter: down 8.91% Company Description KAR Auction Services Inc offers a total package for wholesale-used car transactions, from salvage and used-car auctions to a broad range of financial and logistical support. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. Kar has three business units in the United States and Canada: Adesa, Insurance Auto Auctions, and Automotive Finance. Adesa operates used-vehicle auctions ...
United States Auction Services Company Description Auction Services Inc Services Inc Insurance Auto Auctions

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