Manheim to Close Florida Auctions Ahead of Irma

Manheim has closed its Puerto Rico facility and will close four of its Florida auctions on Friday ahead of Hurricane Irma's expected landfall in Florida over the weekend, according to the company.

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Carlyle Group Acquires United Road Vehicle Transporter

Private equity investors The Carlyle Group have acquired United Road Services, a vehicle logistics company based in Romulus, Mich., from Charlesbank Capital Partners, the firm has announced.

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Wholesale Medium-Duty Truck Values Continue to Fall

Depreciation among wholesale medium-duty trucks continued to rise through July and August, according to Black Book’s September Specialty Markets report.

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Weekly Car and Truck Depreciation Slows

Car and truck segments saw lower overall depreciation rates last week, according to Black Book's Sept. 4 Market Insights report.

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Houston-Area Auto Auctions Get Back to Business

Houston's auto auctions have begun assessing the impact of Hurricane Harvey so they can resume full business activity to supply replacement vehicles for those who lost cars, trucks, and SUVs in the flood.

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LeasePlan's Director of Remarketing Retires

The former International Automotive Remarketers Alliance chairman and president was the picture of remarketing leadership. After nearly a decade as LeasePlan USA’s director of remarketing, Levi McCoy is moving onto the next phase of his life.

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Hurricane Harvey Could Create 1M Salvage Vehicles

While market watchers agree that Hurricane Harvey's impact stretches beyond Houston-area automotive business, estimates on exactly how many vehicles will need to be replaced vary between half a million and million vehicles, including as many as 18,500 fleet vehicles.

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IARA's Website Improves Functionality

The IARA launched a new website earlier this year. The site brought a number of improvements over the old version; however, the organization says there are still a number of improvements and features to come.

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MetroGistics Hires Business Development VP

Vehicle logistics provider MetroGistics has hired Susan Moritz as vice president of business development. In this new position, she will be responsible for leading and growing the OEM and mega dealer business segments.

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Harvey Nearly Halts Commercial Fleet Activity in Houston

Heavy flooding from what is now Tropical Storm Harvey has disrupted commercial fleets in the Houston area, as corporations and fleet management companies have begun reaching out to their employees and fleet drivers to ensure their safety and assess damage to fleet vehicles.

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