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Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.

News•by News/Media Release•April 10, 2023

March Used Vehicle Values Up, Softening Ahead?

After closing out 2022 with the longest-running, sharpest decline over a single year, wholesale used vehicle prices have risen in 2023.

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News•by News/Media Release•April 7, 2023

March Fleet Sales Rise, Rental Up 46% YOY

The movement of new vehicles into fleet increases at a consecutive monthly pace with supply freeing up after several years of constraints, according to Bobit fleet data.

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News•by News/Media Release•March 31, 2023

Executive Chairman Jim Hallett Retires from KAR Global

Hallett served in an active 25-year career with KAR Global but he will still keep his seat on the company's board of directors.

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News•by News/Media Release•March 27, 2023

EV Battery Life Better Than Expected in Study of 15,000 EVs

In a confidence builder for EVs, fewer than 2% of batteries have been replaced outside of publicized recalls during the last 10 years.

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News•by News/Media Release•March 20, 2023

Auction Academy Ready to Sign Up Class Group 8 at CAR

CAR 2023: The industry training group is attracting more participants as it expands its professional education.

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News•by News/Media Release•March 20, 2023

Used-Vehicle Supply Low for Spring Selling Season

Although prices are falling, they likely won't decline too much given the tighter inventory compared to 2021.

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News•by News/Media Release•March 7, 2023

Wholesale Used-Vehicle Prices Lurch Upward in February

The month also ended at near 41 days’ vehicle supply, down from 48 days at the end of January and 13 days lower than February 2022 at 54 days' supply.

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News•by News/Media Release•March 6, 2023

February Fleet Sales Surge As Supply Spikes Over Last Year

Combined sales into large rental, commercial, and government fleets have seen eight consecutive months of double-digit, year-over-year increases.

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News•by News/Media Release•March 2, 2023

Central Arkansas Auto Auction Retains TPC Management for Expert Guidance

The third-generation of the family owned legacy company has tapped the strategic consulting firm to help extend its customer reach in the Midwest.

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News•by News/Media Release•March 1, 2023

Hybrids Beat EVs Among Shoppers of Electrified Vehicles

A number of factors could be making hybrids more popular, including higher prices of EVs, range anxiety fears, and limited charging infrastructure.

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