Tagged Remarketing

Dealers More Optimistic About Used Car Market vs. New

Franchise dealers now view the used car market more optimistically than the new vehicle market, according to a new sentiment index from Cox Automotive. The finding speaks to the current shift of car buyers with prime and subprime credit toward the used market.

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Insurance Consignment Drives Copart's Record Quarter

Continued consignment growth from insurance and non-insurance business contributed to a strong fourth quarter for Copart.

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CarLotz Raises $30M in Funding

The funding, provided by TRP Capital, will help the company expand retail locations that serve corporate fleet customers including fleet management companies.

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Fleet Lease Consignor Prices Climb Higher

Fleet lease consignor prices moved higher in August, increasing 1.4% over July and 2.3% through the first eight months of the year compared with 2016, according to the Sept. 20 Kontos Kommentary.

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Compact SUVs Remain in High Demand

In the car segment, luxury and sporty cars decreased the most in value last week, while mid-size vehicles showed a slight increase in value

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Manheim Opens Fourth North Carolina Location

Manheim Wilmington is the fourth permanent Manheim location in North Carolina. Manheim built the two-lane facility through a partnership with D&C Mitsubishi.

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Salvage Auctions Estimate Volume of Hurricane-Damaged Vehicles

While the effect that Hurricane Irma had on Insurance Auto Auction's and Copart's operations in Florida was relatively mild, Houston was a different story.

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Lease Credit Approvals Nearly Reach 70% in August

Lease credit approvals reached 68.3% in August, a 14% increase from the previous month and an 11% increase from the same time last year, according to lease marketplace Swapalease.

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Wholesale Used Vehicle Depreciation at Two-Month Low

Wholesale used vehicles had their best weekly performance in two months, according to Black Book’s Sept. 11 Market Insights report.

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ADESA Closes Florida Auctions Ahead of Irma

Five ADESA auctions remained closed Monday as Hurricane Irma moved through Georgia and Alabama, and two ADESA auctions in those states curtailed hours and staff, the KAR Auction Services unit announced.

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