News

Classes 3-4 Propelling Used Medium-Duty Sales

Sales of used trucks in Class 3 and Class 4 provided a strong push in 2014 that made these classes the leaders in volume and growth among Class 3-7 vehicles, according to IHS Automotive.

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IARA & Independent Auction Group Sign Sponsorship Agreement

The International Automotive Remarketers Alliance (IARA) announced that it has signed a four-year agreement with the Independent Auction Group (IAG)

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March Auctions in Michigan, Massachusetts, Florida, and Illinois

Equipment and vehicles from utilities and related companies will be auctioned in Michigan, Massachusetts, Florida, and Illinois in the month of March. The auctions will be held Mar. 14, 21 and 28.

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ServNet Withdraws from Multiplatform Bidding System initiative

ServNet announced that it has decided not to participate in the remarketing industry’s currently proposed Multiplatform Bidding System initiative (MPS).

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AFC Names Vice President of Operations West Division

Automotive Finance Corporation (AFC), a business unit of KAR Auction Services announced that Johnny Shroyer has been promoted to vice president of operations, west division.

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KAR Auction Services Names New VP

Rich Levene has been promoted from director to vice president of enterprise optimization for KAR Auction Services.

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ADESA Exits Multiplatform Online Auction Initiative

ADESA will not participate in an automotive remarketing industry initiative to establish a platform that would allow simultaneous bidding on vehicles listed on multiple online auction sites.

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MOTOR TREND Certified Vehicles Program Debuts

MOTOR TREND Certified Vehicles, a Certified Pre-Owned program for a franchised dealer’s “other makes and model” vehicles, announced that Bob Wade Autoworld has become the exclusive MOTOR TREND Certified Dealer in Harrisonburg, Va.

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Black Book Names Account Manager

Black Book has named Christopher Gluth as account manager, national accounts, to its Activator Division.

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Used-Vehicle Prices Rise 3.6 Percent

Wholesale used-vehicle prices in January averaged $10,220 – up 3.6 percent compared to December and up 2.4 percent relative to January 2014.

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