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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94% of surveyed business leaders view AI as critical to their success over the next five years, and that’s particularly true for auto remarketing.
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The used car retailer that bought the ADESA auction group this year blames high used car prices and rising interest rates for sinking consumer demand.
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Executive vice president Chuck Tapp will replace the longtime remarketing industry executive who last year oversaw the merger of XLerate Group and America’s Auto Auction.
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With the growth of EV models and charging networks, whose connector equipment should become the standard? Will there ever be a one-size-fits-all EV plug-and-port like the common fuel pump nozzle?
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The longtime family-owned auction group that spans four generations of the Wolfe family is shedding one operation to focus on its two others in Indiana.
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The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.
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The consulting company will help the Tennessee-based auction operation reach a broader range of customers.
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The slowing economy has driven average vehicle sale and floor prices past a turning point compared to last year.
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The southeastern U.S. independent auction vehicle wholesaler now spans 10 locations after its second acquisition this year.
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The electrified digital-driven automotive sector will bring major shifts in how vehicles are bought, sold, and remarketed. Talk with industry expert and author Steve Greenfield as he outlines the big changes ahead.
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