Used Fleet Lease Vehicle Prices Fall in May

Prices consignors booked from off-lease fleet vehicles fell 0.2% in May, but remain up 3.5% from a year ago, Tom Kontos wrote in his monthly Kontos Kommentary.

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IAA Opens 16th Salvage Auction in Texas

Insurance Auto Auctions, Inc. has begun construction of its 16th Texas auction near Fort Worth, which is scheduled to open in November,the company has announced.

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Used Pickups See Weekly Values Rise

Small pickups and sporty cars were the top performing vehicles in their respective segments last week, according to Black Book’s Market Insights June 12 report.

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Copart Acquires National Powersport Auctions

Copart, Inc. has acquired Cycle Express, LLC, which primarily conducts business as National Powersport Auctions (NPA) for an undisclosed amount, according to a company announcement.

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Black Book to Power MyDealerOnline

Black Book will be powering MyDealerOnline, an online vehicle valuation resource that uploads wholesale auction and other wholesale-sourced vehicles to dealer websites, according to the company.

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Used Vehicle Depreciation Accelerates in May

Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.

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AiM President, CEO Yates Retires

After more than a decade as president and CEO, Jim Yates will be retiring from Alliance Inspection Management (AiM) effective immediately, according to a company announcement.

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KAR Auction Leadership Attending 2017 NIADA Convention & Expo

Four leaders from KAR and its ADESA and Automotive Finance Corporate (AFC) business units will be featured speakers and panelists at the upcoming National Independent Auto Dealers Association (NIADA) Convention and Expo, according to a company announcement.

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IAA Opens Salvage Auction in Portland

IAA Portland West marks the company's third facility in the state of Oregon, alongside branches in Portland and Eugene.

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As Small Crossovers Thrive, Small Cars Falter

As the small crossover segment continued to thrive, sub-compact and compact car values continued their steady decline last week, according to Black Book’s June 5 Market Insights report.

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