TradeRev Ends Monthly Auction Subscription Fees for Dealers

TradeRev has eliminated monthly subscription fees for U.S. car dealers, which will allow users to participate in as many one-hour vehicle auctions as they’d like, and only pay fees for completed transactions, the auction portal announced.

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Kelley Blue Book Expands Services to Portugal

Kelley Blue Book has expanded its services to the Portugal automotive market and has launched a new website to support the expansion.

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Copart Opens Sixth Location in Brazil

Copart, Inc. has opened its sixth location in Brazil, according to a company announcement. Its sixth location will be located in Betim, Minas Gerais and will offer a wide selection of salvage and used vehicles, the company noted.

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Insurance Auto Auctions Offers Salvage Search Tool

Insurance Auto Auctions, Inc. has launched IAA Fast Search, a salvage vehicle search tool that will be available as a desktop and mobile tool.

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Entry Level Cars Keeping Car Values Steady

Depreciation remains at some of the lowest levels seen all year, driven in part by the strength of entry level cars, according to Black Book’s April 10 Market Insights report.

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Used-Car Values Could Fall by 50%, Morgan Stanley Says

A new report from Morgan Stanley warns that used-car values could fall by 25% to 50% in the next four to five years.

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Manheim: Used-Car Reports Signal Stability

While wholesale used-vehicle prices declined by 0.5% in March, the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and season — came to a reading of 124.1. This is an increase of 1.3% from a year ago.

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In Memoriam: Former AFLA President McNulty

Jim McNulty, past president of the Automotive Fleet & Leasing Association (AFLA) and more recently the owner of Lone Star Auto Auction in Lubbock, Texas, passed away on March 9, 2017, from complications of esophageal cancer.

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America's Auto Auction Acquires Michigan Auctions

America’s Auto Auction is continuing on its acquisition spree with the acquisition of two new auctions, including West Michigan Auto Auction and Interstate 94 Vehicle Auction.

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Used Vans, Cars Bolster March Depreciation

Used cars outperformed trucks in March, as full-size pickups, compact vans, compact cars, and sporty cars increased in value, while as overall used vehicles depreciated 0.6%, according to Black Book.

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