Tagged Online Auctions

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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Copart Reaches 200 Auction Locations

Dallas-based Copart Inc. opened its 200th auction location in the Wilmington area of Los Angeles in late March as the company celebrates its 35th anniversary.

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IronPlanet to Host Heavy Equipment Auction in Iowa

IronPlanet, an online marketplace for selling and buying used equipment and other durable assets, will host a Cat Auction Services Unreserved Public Auction that will include over 200 pieces of used equipment.

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KAR Invests $15M in TradeRev

KAR Auction Services has extended up to $15 million in credit to Toronto-based Nth Gen Software to expand TradeRev, an online dealer-to-dealer auction portal, the company announced March 16.

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ACV Auctions Secures $15M for Mobile Platform

ACV Auctions, a mobile auctioning platform, has secured $15 million in venture funding, according to a company announcement. The company will use this new round of funding to expand its business into new territories.

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IronPlanet Sets Online Bidding for Auctions America's Fla. Event

Online bidding for Auctions America’s annual Fort Lauderdale, Fla. event will be available via IronPlanet.com, the company has announced.

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IronPlanet Debuts Marketplace Direct Platform

IronPlanet has debuted a new Marketplace Direct platform that offers advanced, self-listing functionality for larger-scale equipment sellers.

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ADESA Faced 'Challenging' Fourth Quarter

ADESA faced a “challenging” fourth quarter in 2016, CEO of KAR Auction Services Jim Hallet said during the company’s fourth quarter earnings call.

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KAR to Invest Up to $25M in Online Sales Platform

KAR Auction Services will invest between $20 million and $25 million over the next three years to redesign and enhance its online sales platform in a project known as New Wave.

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ACV Auctions Brings App to East Coast Markets

Franchised dealers in East Coast markets, including northeast Ohio, Washington, D.C., and eastern Massachusetts, have begun using ACV Auctions' mobile app that takes a vehicle condition report and alerts buyers that a 20-minute auction has begun.

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