Used vehicles from fleet consignors in ADESA sales increased 2% in May and were 5.5% above a year ago, according to monthly commentary from Tom Kontos, chief economist for KAR Auction Services.
Black Book will begin offering vehicle verification information to automotive lenders to help reduce misrepresentation about a vehicle's trim and equipped options, the valuation firm announced.
The new location, IAA Houston South, sits approximately 35 miles from Houston and will strategically enhance the company's ability to serve the growing metropolitan area and the coastal Texas areas, the company announced.
Overall car segment values decreased 0.36% last week, compared to 0.31% the week prior. Overall truck segment values decreased 0.16%, compared to 0.08% last week.
Tony Markese will lead Manheim's strategic direction for its reconditioning services as its new VP of reconditioning.
The Used Retention Index for May was 114.4, which represented a 0.7% increase from the month before. This was the first increase of 2019.
KAR Auction Services Inc. has introduced a data-driven pricing tool called Pricing Insights designed to help fleet and other commercial consignors optimize pricing on wholesale vehicles.
The new interface offers buyers the ability to create a customizable bidding experience meant to simplify the vehicle purchasing process.
Volvo Trucks and Mack Trucks are offering factory-backed warranties for each brand’s certified pre-owned trucks.
Manheim Tucson has become the company's first all-digital auction.
Spring has come to an end, with cars declining in values greater than trucks.
Texas Lone Star Auto Auction, an XLerate Group auction, has completed construction of a new 20,000 square foot reconditioning facility.