News
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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Manheim cut the ribbon on a new, 80,000-square-foot body shop and reconditioning center at the auction provider’s Orlando, Fla., center Tuesday. The new facility is the product of a nearly $5 million investment in Manheim’s second largest wholesale location.
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Insurance Auto Auctions, Inc. has opened IAA Lexington, its fourth location in South Carolina, in order to accommodate its newly expanded customer volume needs.
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Outside factors such as a record-spanning government shutdown, the polar vortex, and a hit to consumer confidence led to a slow start to used sales in 2019.
Read More →Expanded auction facilities are based in Huntsville, Alabama; Little Rock, Arkansas; Minneapolis/St. Paul; Long Island, New York City; and Houston.
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Following a lower-than-expected February, Cox Automotive is forecasting March U.S. auto sales volume to hit 1.547 million, an increase from last month, but a nearly 7% decline from March 2018.
Read More →Insurance Auto Auctions, Inc. will set up an innovation hub in a partnership with technology incubator 1871 called IAA Engine House that will serve as an idea-generation and development center for the company.
Read More →Westlake Financial Services has selected America's Auto Auction Harrisburg as its auction of the year and named five auctions that were the top in their regions in 2018.
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Copart has acquired Vincent Auto Solutions, an online auction that specializes in total-loss, fleet and damaged vehicles.
Read More →The new general managers will assume their roles at ADESA auctions in Las Vegas, Birmingham, Little Rock, Orlando, and Tulsa.
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The industry will sell approximately 1.27 million new cars and trucks in February, representing a 2.2% decrease from a year ago, according to an Edmunds forecast.
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