Tagged Remarketing

Carvana Opens Fourth 'Car Vending Machine' in Texas

CARVANA has opened up its fourth car vending machine in Texas — and the fifth nationwide — in Frisco, Texas, according to a company announcement. The vending machine will stand eight stories tall, contain four delivery bays, and hold up to 30 cars.

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ServNet to Form Client Advisory Board

ServNet will be forming a Client Advisory Board that will consist of 10 to 12 executives from key commercial accounts and institutional consignors. These executives, according to the company, will assist in identifying, implementing and refining best practices at auctions.

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Wholesale Market Strengthens on the Week

High vehicle demand delivered strong showings across nearly all vehicle segments in the past week, according to Black Book’s April 17 Market Insights report.

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Cox Automotive Names New Chief Economist

Cox Automotive has named Jonathan Smoke as its new chief economist, according to a company announcement. In his new role, the company added, Smoke will be responsible for leading the creating of an economic industry insights office.

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Copart Updates Mobile App

The updated version allows users to upload their licenses onto the application. Additionally, a new Lot Scan feature will allow users to scan bar codes at Copart locations in order to attain details about vehicles they’re interested in.

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Ky. Court May Cease Employee Surplus Sales

The Kentucky Administrative Office of the Courts is under investigation for its employee-only surplus sales, in which the office's 225 employees were invited to purchase old furniture, computer equipment, and vehicles.

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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 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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