Damaged Equipment expands CAS Automotive’s vehicle remarketing model to commercial equipment, targeting fleet operators, insurers, equipment dealers, and rental companies.
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The International Automotive Remarketers Alliance (IARA) held its 2015 Summer Roundtable event August 18-19 At the Hilton Fort Worth in Texas. There were more than 200 registrations for this year’s conference.
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Certified pre-owned vehicle sales accounted for 22.7 percent of used sales by dealers, setting a record for a single quarter, according to a report by Edmund's.com. Overall, the sale of used vehicles came in strong in the second quarter of 2015 at approximately $9.6 million, growing at a 5.1 percent year-over-year.
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On August 19, Manheim Pennsylvania, which began as a three car, single-lane auto auction in 1945 and today uses 33 lanes as well as digital access to facilitate the sale of 450,000-plus vehicles per year, celebrates seven decades.
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For the third month in a row, average wholesale used vehicle prices fell significantly on a month-over-month basis, falling below $10,000 for the first time this year.
Read More →The facility, now comprising 57 acres, offers IAA buyers and sellers an improved auction experience.
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Four ADESA auctions, in partnership with the Ford Global Action Team, raised more than $283,000 for JDRF, the leading funder of type 1 diabetes (T1D) research.
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TPC Management Company announced that 11-year company veteran Jiles Wanna has been promoted to the position of Partner with the firm.
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The third-generation 2016 Toyota Tacoma base model SR will carry a retail price of $24,200 when it arrives at dealer lots in the middle of September for about a $3,000 increase over the outgoing model.
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Smaller cars have experienced heavier depreciation over the past 12-18 months, but it’s the small mainstream electric vehicles that are experiencing even heavier valuation drops.
Read More →On August 25, Louisiana's 1st Choice Auto Auction will kick off football season with a Tailgate Event featuring 1,000 vehicles, more than $10,000 in tailgate related prizes, and a special guest appearance by Hall of Fame Quarterback Jim Kelly.
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