News

Element to Acquire GE Capital's Fleet Business

Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.

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ADESA, AFC, IAA Auction Raises $27,500 for NIADA Foundation

The vehicle up for bid – a loaded polar white 2013 Mercedes C250W – was donated by those three companies and makes the grand total raised over the past three yeas to $69,700.

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MetroGistics Announces New Hire

MetroGistics, LLC, a leading provider of automotive logistics services, announced the hiring of David R. Larson as executive vice president, business development/sales partner.

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Most Car Values Slide, Trucks Remain Steady

Volume-weighted car values decreased by 0.76 percent, last week, the most in last 52 weeks while the volume-weighted truck values decreased by 0.25 percent last week as pickups and SUVs continue to perform better than cars.

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NAAA President Graduates School of Auctioneering

Eleanor Aycock Johnson, president of the National Auto Auction Association (NAAA) and General Manager of the Manheim Auto Auction in Kenly, N.C., attended the Mendenhall School of Auctioneering from June 6-14, 2015.

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NIADA Chooses Carfax for Certified Pre-Owned Vehicles

The National Independent Automobile Dealers Association (NIADA) is expanding its longstanding partnership with Carfax to include the association's certified pre-owned program.

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Large Fleets Driving Strong Used Class 3-8 Sales

Overall, used GVW 3-8 transactions from March 1, 2014 to March 31, 2015 accounted for 51.7 percent of total GVW 3-8 transactions in the U.S. market.

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IAA Launches Smart Watch App

The IAA Buyer Watch App is an application customized for the Apple Watch that enables buyers to view the status of their vehicles in the bidding process through notifications on their wrists.

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ADESA San Antonio Names New GM

Clifton Sprenger will succeed longtime General Manager Sam Damato ad ADESA San Antonio.

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KAR Auction Services Expands to UK

KAR Auction Services announced that its subsidiary ADESA (UK) Limited has acquired HBC Vehicle Services. Headquartered in Canvey Island, England, HBC specializes in salvage vehicle auctions and related services.

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