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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An additional 3,000 square foot for the auction will include expanded office space, a new dealer work area, a larger conference room and a video production room.
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The expansion was in response to strong demand and increasing inventory needs of our customers.
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There was a significant drop in sold volume (both month-over-month, and year-over-year) in wholesale channels from September to November of 2020.
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In 2020 Ritchie Bros. has seen website traffic increase by 35% to more than 27 million visits, while bidder registrations are up 71% to over 817,000 registrations.
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Alliance Auto Auctions has named its general manager of the Alliance Waco location in McLennan County, Texas.
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Richmond Auto Auction is a part of the AMS Auction Network and operates on 35 acres of land.
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The Copart Macon location in Georgia hosts weekly car auctions on Thursdays at 10 a.m. Eastern Time.
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Dyer Auto Auction has announced the opening of a new Greenfield, Indiana, site in conjunction with a transition in family ownership.
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The new Lumberton location consists of 89 acres. Eligible buyers can register and join auctions to bid on inventory through the Copart website or via the Copart Mobile App for iOS and Android devices.
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McConkey Auction Group (MAG) has acquired ABS Auto Auctions, which remarkets over 40,000 vehicles annually, expanding the auction group’s U.S. footprint.
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