The award is sponsored by Bobit Business Media and National Auto Auction Association; ballots will close on Thursday, Jan. 31. The winner will be announced at the 2019 Conference of Automotive Remarketing, which will be held on March 26-27, 2019 at Caesars Palace Las Vegas.
PAR North America has hired Stacey White to lead its remarketing services division as senior vice president. This appointment aims to further develop and expand PAR’s remarketing products for its customers, according to Lisa Scott, North American president.
Vehicle relocation service Auto Driveaway, which serves large corporate fleets, has acquired the assets of heavy truck transport service J&J, which expands its scope in the heavy truck transportation market.
Used vehicle values continued to decline at the start of the new year, pushing sales rates at auction up, but moving prices down.
Cox Automotive's dealer technology unit vAuto has acquired iReconCars and relaunched the reconditioning management platform as iRecon to help dealers and other partners improve used vehicle reconditioning efficiency and speed, the company announced.
Used Class 8 truck volumes, based on same dealer sales, fell for the second straight month in December while average pricing increased.
Vehicle manufacturers will sell 17 million new vehicles in 2019, which would represent only a 1.3% decline from a year that recorded a third consecutive year of more than 17 million new vehicles sold, according to Oliver Strauss, chief economist for TrueCar’s ALG.
The association has chosen Tricia Heon, who has been part of the NAAA for eight years, and most recently served as legislative director and operations manager, for the position.
The XLerate Group has acquired Southeastern Auto Auction in Savannah, Ga., and Morton Auto Auction in Morton, Ill., the auction provider has announced. The group now operates 20 auctions in eight states.
Following last year’s record-breaking attendance, the 2018 Summer Roundtable once again saw a nearly record breaking number of attendees for this year's event.
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KAR Auction Services has hired John Sibbitt as vice president of business development for its Recovery Database Network, which provides banks and credit unions with software and data solutions to manage repossession and the disposition value chain, KAR has announced.
The Manheim Adjusted MMR is a wholesale vehicle valuation rating that includes aspects such as a vehicle’s AutoGrade condition, exterior color, mileage, and region.
Wholesale values declined 0.3% for model years 2016-2017 and 0.2% for model years 2008-2015 in December.
KAR Auction Services, Inc. has promoted Peter Kelly from to its newly created role of president.
