News

Copart to Continue Expansion Activity in 2017

In anticipation of future volume and to stay prepared in the event of future catastrophic events, Copart plans to continue its expansion activity this year, according to the company’s recent quarterly earnings call.

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New-Vehicle Sales to Remain Flat in May, KBB Says

New-vehicle sales in May are expected to total 1.53 million, essentially flat compared to the same time last year, according to Kelley Blue Book.

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Carvana Adds Next-Day Shipping to S.C. Markets

Carvana has expanded its next-day delivery in the Southeast region by giving South Carolina car buyers in Columbia and Greenville access to next-day delivery, the company announced.

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K-Bid Offering Over 300 Collector Cars

More than 300 collector vehicles will be available for the next month through North Central Services’ Auto Liquidation South Dakota 2017 sale on K-Bid.com.

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Insurance Auto Auctions Expands Two Ga. Auctions

Insurance Auto Auctions, Inc. is adding a combined 49 acres to its Savannah and Tifton, Ga. facilities, according to a company announcement.

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Medium-Duty Truck Resale Holding Up

Generally, medium-duty segments are holding up well, with cabovers and lighter GVW conventional trucks performing the best.

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Small Car Values Decline as Summer Approaches

As the market approaches the tail end of the spring season, wholesale values for both cars and trucks are on the decline, according to Black Book’s May 22 Market Insights Report.

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World Automobile Auctioneers Championship Winners Named

Andy White beat out a field of 15 finalists in the final round of the 2017 World Automobile Auctioneers Championship, claiming the title of 2017 Automobile Auctioneer World Champion and taking home $12,500 in prize money, according to a Manheim announcement.

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April Used Prices Rise on Truck Strength, Kontos Says

Average wholesale prices increased in April from March and from a year ago on the strength of truck values, but several benchmark segments in fleet lease sales are showing weakness, said Tom Kontos in his monthly commentary.

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IronPlanet CEO Named Finalist for Entrepreneur of the Year

The awards program, which is celebrating its 31st year, recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities.

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