Your Top Resource for Consignor and Auction News
Given how the COVID-19 pandemic has evolved, the company has extended its Simulcast-only sales past its original April 3 end date.
Overall car segment values increased 0.32% last week and overall truck segment values increased 0.20% last week.
Automotive Finance Corporation (AFC) has launched a customer relief program that will allow eligible customers to defer curtailment payments due through May 31, 2020 on eligible unsold units.
The NAAA executive committee has voted unanimously to defer association dues until 2021.
Xcira, a digital auction technology provider, has issued a set of commitments to its partners during the COVID-19 pandemic to ensure that auction and asset owners are best equipped to use their technology.
KAR Global is halting physical sale operations across North America at all ADESA locations, and includes Simulcast-only sales for at least the next two weeks.
The shutdowns come to fight the spread of COVID-19/coronavirus after workers at multiple plants tested positive.
Wholesale used vehicle prices increased 1.35% month-over-month in February, bringing the Manheim Used Vehicle Value Index to 143.5, which is 6.2% higher than it was at the same time in 2019.
KAR Global is immediately transitioning to Simulcast-only sales at all U.S. and Canada ADESA auction locations until further notice as the coronavirus pandemic continues to evolve, according to KAR Auction Services.
Manheim will implement Simulcast-only sales at all of its U.S. locations effective March 16 to April 3, following the ongoing public health and safety concerns of COVID-19.