The acquisition would expand Copart beyond its traditional salvage business into dealer-to-dealer wholesale remarketing while adding ACV’s vehicle data, inspection, and valuation technology.
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CAR 2024: An all-star panel of economists and data analysts find that used/wholesale vehicle prices and values will remain above the previous “normal” levels last seen in the late 2010s.
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An independent survey conducted for NAAA provides the most comprehensive picture available of the wholesale auto auction industry.
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The Conference of Automotive Remarketing drew a professional crowd that networked for business and cultivated industry friendships.
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CAR 2024: The latest analysis from the National Auto Auction Association shows a stabilizing auction sector moving faster but still a long way from pre-pandemic years.
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The arrangement will help the five-lane auction develop business and expand further into the national vehicle consignor market.
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The 2024 Remarketer of the Year and Consignor of the Year bring resumes full of enterprise and experience.
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Fleet/lease sales were responsible for the increase in auction volume in the first quarter as dealer sales fell 5.4% YOY and fleet/lease sales rose nearly 29%.
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The charity events included more than 2,000 classic, specialty, and exotic vehicles that raised $86,000 to provide recreational opportunities.
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The average daily sales conversion rate increased to 62.5%, showing that demand improved relative to February.
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The veteran leaders bring a combined 60 years of experience at Manheim and worked their way up through formative roles in auction operations.
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