News

AutoIMS Expands Service Team

Reinforcing its commitment to bring the remarketing industry together, AutoIMS announced an expansion of its Client Services team through the hiring of an industry veteran and the naming of a new vice president.

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Manheim Adds Two-Way Texting Transaction Feature

Manheim is the first in the industry to offer a two-way texting feature, OVE Text Notifications, that allows buyers and sellers to negotiate transactions via text. It can be accessed through the company's mobile app or the OVE online platform.

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KBB: Auction Values Decrease in Q1

Overall, auction values for used 1- to 3-year-old vehicles declined 1.3%, or roughly $235, in the first quarter of 2016.

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Used Truck, Full-Size Van Prices Weaken

Black Book has new data that shows truck segments may be feeling additional pricing pressure, resulting in many trucks not holding their values as well as in previous years.

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Bel Air Auto Auction Turns 69

Bel Air Auto Auction brought the gavel down on sixty-nine years in the auction business with their anniversary sale this past Thursday, April 21. Dealer, fleet-lease, and institutional vehicles filled the lanes.

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Average Used Vehicle Selling Price Reaches $19,397

The average selling price of used vehicles sold by new-vehicle dealerships reached $19,397, according to the National Automobile Dealers Association (NADA)'s 2015 Financial Report.

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IARA's 15th Annual Summer Roundtable Goes to Toronto

The International Automotive Remarketers Alliance (IARA) is celebrating its 15th anniversary in Toronto with its annual Summer Roundtable. The conference will take place August 9-11 at the Sheraton Centre Toronto Hotel in Toronto.

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IronPlanet Sets Texas Cat Auction for May 3

IronPlanet has scheduled a live heavy equipment auction in its series of Spring 2016 Cat Auction Services live events for May 3 in Dallas-Fort Worth, Texas.

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Car-Buying Startup Launches Used Car Leasing Option

Beepi, a car-buying startup, announced that it will be adding a leasing option for its used-car buying service.

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Lease Credit Approvals Dip in March

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit approvals are lower again after a hike in February levels. Auto lease credit approvals for the month of March finished at 66.7%, down from the February mark of 70%.

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