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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Joe LeMonds has been promoted to assistant general manager of Sales and Marketing at the auction, while Vann Humphrey has been hired on as assistant general manager of operations.
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Several ServNet auctions consigned roughly 8,000 vehicles during special events at a number of locations this summer, and the organization has plans to host more events in the coming months.
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Used-vehicle auctions have started resuming regular business hours following the effects of Hurricane Florence, which had less of an impact on the U.S vehicle market than Hurricanes Harvey and Irma in 2017.
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Military AutoSource (MAS) in partnership with Petty’s Garage will auction off a Warrior Edition Ford F-150 truck to benefit Paralyzed Veterans of America.
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Several North Carolina used vehicle auctions closed as a result of Hurricane Florence sweeping into the state, while others shifted to online sales or delayed on-site sales.
Read More →Ryan Rickey will serve as general manager for XLerate’s Your Auction in Florida, while Michael Schuler will assume that position at Pennsylvania's Corry Auto Dealer Exchange.
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ACV Auctions Inc. is on pace to sell over 100,000 vehicles by the end of 2018, after selling 8,600 vehicles in August, according to the company.
Read More →Insurance Auto Auctions has taken steps to prepare its auctions for Hurricane Florence with lessons the company's leaders learned from last year's hurricanes, said John Kett, the company's chief executive and president.
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The program is available to dealers at all 60 ADESA physical locations in the U.S., as well as to those using ADESA’s online and simulcast auction platforms DealerBlock and LiveBlock, the company noted.
Read More →The new 96-acre auction location will be located in Spartanburg, S.C.
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