KAR Global’s Data Science Team Has Been Tracking Retail Vehicle Sales

Last April and into May, car sales were looking bleak.

According to CNN, major automakers reported a “more than 30 percent drop in U.S. sales in the second quarter, the biggest plunge in sales since the Great Recession and the auto bankruptcies of 2009.” But as government stimulus checks began trickling in, wholesale business started picking up. And the data science team at KAR Global, a tech company that provides physical and digital wholesale marketplaces for buyers and sellers, noticed. 

By mid-June, KAR tech professionals decided customers would benefit from the valuable buyer information they were seeing through proprietary company dashboards. So they made the internal data mapping buyer demand and excess seller inventory external-facing — in less than a week.   

“We knew, for example, there was no buyer activity in the Northeast, based on the data from the retail side,” Vice President of Product Management & Data Services Joe

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Manheim adds locations to mobile auction sales progam





ATLANTA – 

Manheim has expanded its mobile auction network, with a new mobile sale launching Wednesday in Rochester, N.Y.

The company is conducting the Manheim Rochester site in partnership with Bob Johnson Automotive Group.

Manheim Rochester, which was previously Central Auto Auction, is the auction company’s first physical presence in the area.

(A Manheim spokesperson confirmed that the site is still owned by Bob Johnson Automotive and that the sale is a partnership between the dealer group and Manheim).

Manheim added a mobile sale in Novi, Mich., which is hosted by Manheim Detroit, in August.

The company now hosts more than 45 monthly mobile sales.

Among those are 27 recurring sales and 18 event sales. The mobile auctions are held at “non-traditional locations” including dealerships, hotels, race tracks and beyond.

In short, all the usual technology and amenities

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Why China’s September car sales jumped

Due to the steep decline in first-quarter volume amid the virus outbreak, demand for new light-vehicles in the first nine months dropped 12 percent to below 13.4 million.

But new commercial-vehicle deliveries advanced 20 percent to top 3.7 million in the first three quarters.

Overall, across the industry, new-vehicle sales in September rose 17 percent to approach 2.6 million, with year-to-date volume declining 6.9 percent to some 17.1 million.

The Beijing auto show, promotional events and policies enacted by local governments to support the auto industry drove sales growth in September, senior CAAM official Chen Shihua told reporters.

Passenger vehicle sales rose 8 percent in September. Geely Automobile Holdings, Great Wall Motor Co. and Toyota Motor Corp. were among those that booked double-digit growth.

This time of year is also known as “Golden September, Silver October” and is usually a highpoint in sales across the industry, with consumers venturing out

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China auto sales jump in ‘Golden September’ as shoppers return to showrooms

BEIJING/SHANGHAI (Reuters) – China auto sales marked a sixth straight month of gain, rebounding a solid 12.8% in September as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

This time of year, known as “Golden September, Silver October”, is usually a highpoint in sales for the industry, with consumers venturing out to make purchases after having stayed away from showrooms during the stifling summer months.

Sales reached 2.57 million vehicles last month but were still down 6.9% for the year to date at 17.12 million vehicles, according to the China Association of Automobile Manufacturers (CAAM).

“Based on our dealer channel checks, the growth in momentum extended into the October Golden Week, as retail sales exceeded dealers’ expectations,” said Haitong International analyst Shi Ji.

The Beijing auto show, promotional events and policies enacted by local governments to support the auto sector helped sales growth in September,

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China Quarterly Car Sales Shift Out of Reverse for First Time in Two Years

BEIJING—China’s car market recorded its first quarter of year-over-year sales growth in two years as a broad economic recovery bolstered consumer confidence and discounts boosted demand, especially for electric vehicles.

Retail passenger-car sales in the country increased by 7.9% in the three months ended September 30 compared with a year earlier, the China Passenger Car Association said Tuesday. For just the month of September, sales increased by 7.3% from last year, reaching 1.91 million vehicles, the Beijing-based body said.

The strong quarter, the industry’s first in two years, has raised hopes for a more sustained rebound through the end of the year after the coronavirus crushed a market already struggling with nearly two years of sales contractions.

A broader economic rebound in China, which began in the industrial sector in the spring, is now beginning to wash over the country’s consumers, raising hopes for gross domestic product growth to regain

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Top Kitchen Sales Reviewed by Save Bubble

Save on air fryer, toaster oven, grill, smoker, blender & espresso machine deals at the Prime Day sale, featuring KitchenAid, Keurig, Nespresso, Vitamix, Ninja & Instant Pot kitchen appliance deals

Compare the latest kitchen appliance deals for Prime Day, together with savings on Instant Pot and Ninja air fryers, KitchenAid and Vitamix blenders, Keurig and Nespresso coffee makers, refrigerators, microwave and toaster ovens, grills and smokers. Links to the best deals are listed below.

Best kitchen deals:

Best air fryer deals:

Best Vitamix & blender deals:

  • Save up to $175 on blenders from Ninja, Vitamix, Nutribullet & more top-rated kitchen appliance brands – at the Amazon Prime Day sale

  • Save $175 on the Vitamix A3500 Brushed Stainless Blender at Amazon – with 5 program settings for making smoothies, dips, spreads, hot soups & frozen desserts

  • Save $100 on the Vitamix A2300 Ascent Series Smart Blender at Amazon – professional-grade blender

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China stocks recover early losses on upbeat auto sales, trade data

SHANGHAI, Oct 13 (Reuters) – China’s stocks reversed early losses to close firmer on Tuesday, as sentiment was lifted by strong domestic trade performances, which signalled that Chinese exporters are making a brisk recovery from the pandemic’s hit to overseas orders.

** Automobile sales in China rose 12.8% in September from the same month last year, showed official data released on Tuesday, marking the sixth consecutive month of gains, as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

** Sentiment was also underpinned by trade data, which showed China’s imports grew at their fastest pace this year in September, while exports extended their strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world’s second-biggest economy. ** At the close, the Shanghai Composite index was up 0.04% at 3,359.75. The blue-chip CSI300 index was up 0.33%. ** The smaller Shenzhen

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China Auto Sales Jump 13% in ‘Golden September’ as Shoppers Return to Showrooms | Investing News

By Yilei Sun and Brenda Goh

BEIJING (Reuters) – Automobile sales in China rose 12.8% in September from the same month a year earlier, marking the sixth consecutive month of gain, as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

Sales reached 2.57 million vehicles last month, showed data from the China Association of Automobile Manufacturers (CAAM).

Sales are still down 6.9% for the first nine months of the year at 17.12 million vehicles, CAAM said.

Auto insiders refer to “Golden September, Silver October” as they regard the months as the high season for China sales, with drivers venturing out to make purchases having stayed away during the stifling summer months.

Reflecting that trend, sales of passenger vehicles rose 8% in September. Geely Automobile Holdings Ltd <0175.HK>, Great Wall Motor Co Ltd <601633.SS> and Toyota Motor Corp <7203.T> booked double-digit growth.

The Beijing auto show,

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China auto sales jump 13% in ‘Golden September’ as shoppers return to showrooms

By Yilei Sun and Brenda Goh

BEIJING, Oct 13 (Reuters)Automobile sales in China rose 12.8% in September from the same month a year earlier, marking the sixth consecutive month of gain, as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

Sales reached 2.57 million vehicles last month, showed data from the China Association of Automobile Manufacturers (CAAM).

Sales are still down 6.9% for the first nine months of the year at 17.12 million vehicles, CAAM said.

Auto insiders refer to “Golden September, Silver October” as they regard the months as the high season for China sales, with drivers venturing out to make purchases having stayed away during the stifling summer months.

Reflecting that trend, sales of passenger vehicles rose 8% in September. Geely Automobile Holdings Ltd 0175.HK, Great Wall Motor Co Ltd 601633.SS and Toyota Motor Corp 7203.T booked double-digit growth.

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Auto sales rise amid fall in production – Newspaper

KARACHI: The first quarter of FY21 ended on a contrasting note for auto sector, depicting a 2.7 per cent rise in car sales to 31,868 units while production fell by 24pc to 27,574.

However, September figures for production and sales of cars remained positive with 12,117 and 11,860 units versus 7,177 and 9,885 in August and 9,090 and 10,923 units in September 2019, respectively.

Honda Civic and City car volumes revived with an impressive 65pc jump to 6,483 units in 1QFY21 while Suzuki Bolan held second position with an increase of 59pc in sales to 1,758.

Suzuki Swift sales recovered by 20pc to 630 units, followed by 13pc hike in Suzuki WagonR sales to 2,460 units, figures released by Pakistan Automotive Manufacturers Association (Pama) revealed.

Suzuki Alto emerged as one of the main losers in the 1QFY21, posting a massive drop of 41pc to 7,651 units, while Toyota Corolla sales

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