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 2023: The industry leaders will offer their latest take on the state of the industry and business patterns that indicate future trends.
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Owned and run by the Soghomonian family, AVDAA is a thriving independent legacy operation in the southwestern U.S.
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CAR 2023: How are auctions doing business differently in response to the growth of multi-roof top dealership groups, consolidated support services, and an evolving competitive landscape?
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Remarketing professionals can progress in their careers after taking the rigorous academy curriculum that includes site visits, field trips, technical certifications, and hands-on work with industry experts in all areas of auto auction operations.
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The company’s strategy draws on the need for maximum online access to vehicles combined with the real-time in-person connections of auction locations.
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A recent auction industry quarterly report shows a mix of up and down indicators that add up to more market balance.
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The vehicle scans will check vehicle exteriors, undercarriage components and tires to quickly produce online user-friendly reports that include high-resolution photos.
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The new technology evaluates each electric vehicle and provides VIN-specific information, which is vital in capturing accurate information about the health of the battery.
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The new digital integration expands and simplifies access to used vehicles for buyers and sellers.
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The financial risks and setbacks are piling up for the online used car retailer that gobbled up ADESA auctions last year in a deal wracked with massive debt.
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