News

Manheim Raises $16K for Veterans

Manheim Milwaukee raised $16,000 to send 32 Milwaukee-area veterans to Washington, DC., as part of the auctions initiative to support veterans.

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Black Book Offers Leasing Resource

Black Book released a white paper designed to help remarketers and auto lenders identify when and where used leasing makes sense for a portfolio.

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IAA Developing Insurance Claims Tool

Insurance Auto Auctions, Inc. (IAA) has unveiled development of a tool that enables insurance claims staff to quickly generate an early total loss recommendation.

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Sub-Compact Crossover Values Sink

Sub-compact crossovers depreciated the most between the months of June and September, declining 8.8%, which was a 5% decrease from a May to August analysis based on vehicle classes tracked by Black Book.

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KAR Subsidiary Names VP of Sales and Maketing

Preferred Warranties Inc. (PWI), a business unit of KAR Auction Services Inc., today announced the appointment of Ryan Warzynski as vice president of sales and marketing

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Copart Opens First German Auction

Copart, Inc. is opening its first German vehicle storage and auction location in Bad Fallingbostel, near Hanover, the online auctioneer has announced.

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World Data Corp. Introduces Vehicle Data Delivery Tool

World Data Corp. has introduced its DATASYNC Application Programming Interface (API) data delivery system. The new tool allows companies to integrate World Data information into new or existing applications so it can be seamlessly presented to users, according to the company.

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Rental Risk Units Sold at Auction High For August

This could be a sign that stop-sale/stop-use units are being repaired and creating less demand for loaner vehicles, says Manheim.

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Mid-Size Car Retention Falls for First Time in 4 Years

Mid-size car retention rates for model-year vehicles older than two years dropped this year after remaining steady for the previous four years.

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Car Depreciation Accelerates in August, Trucks Steady

Rising car depreciation put a drag on used vehicle sales, which fell in value significantly more sharply in August compared to July and August from a year ago, according to Black Book.

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