The average sale price for used vehicles from fleet leasing consignors continued to outpace vehicles cosigned to auction by manufacturers and dealers in February, according to Tom Kontos, KAR's chief economist.
The two awards the auction received were the Top Selling Independent Auction for 2018 and Soaring Eagle Award, which is awarded for selling over 1,000 cars on the SmartAuction digital sales platform.
Overall depreciation was lower last week and midsize car values, in particular, saw a noticeable lift.
The company has created and filled president positions at two of its major brands: Roadrunner Services and Direct Reconditioning. The company also named a new VP of sales and staffing services.
LeasePlan Canada will be partnering with Alliance Inspection Management (AiM) for its off-lease vehicle inspections within the Canadian market to increase transparency and trust in transactions.
Copart has seen a growth in demand from buyers and sellers in Texas and has decided to expand its Austin, Texas location in order to meet those demands.
Two Michigan men have been charged with allegedly conspiring to steal Volkswagen and Audi diesel vehicles involved in the emissions scandal that were parked at the Pontiac Silverdome, U.S. Attorney Matthew Schneider announced March 11.
Luxury car and truck values fell last week, as demand continues to climb for more affordable vehicles, according to Black Book's March 11 Market Insights report.
William H. Windham III, an auction industry veteran with more than 35 years of experience in the automotive space, has assumed the role.
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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Analysts say a late start to the spring selling season could be to blame for a third consecutive monthly decline in Black Book’s Used Vehicle Retention Index.
Overall car segment values decreased by 0.42% last week, compared to 0.43% the week before. Overall truck segment values decreased 0.38% last week, compared to 0.40% the week prior.
The recipients of the recognition were David Vignes, KAR Auction Services president of remarketing services, and Kenny Jones, Cox Automotive Safety and Environmental senior director.
The new general managers will assume their roles at ADESA auctions in Las Vegas, Birmingham, Little Rock, Orlando, and Tulsa.
