News
2026 CAR Awards Celebrate Industry Excellence
CAR’s annual Fleet Remarketing Awards opened a reimagined 2026 conference designed to bridge the worlds of fleet management and automotive remarketing.
Read More →CAR’s annual Fleet Remarketing Awards opened a reimagined 2026 conference designed to bridge the worlds of fleet management and automotive remarketing.
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Insurance Auto Auctions (IAA) has introduced its Active Inventory Management software that's designed to streamline the management of salvage vehicle auctions, according the the KAR Auction Services unit.
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Bruce Beam has returned to the post of general manager of Dealers Auto Auction of Oklahoma City (DAA/OKC), according to a company announcement.
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June was an average month in terms of wholesale prices, according to J.D. Power Valuation Services. It reported this week that wholesale prices of used vehicle up to eight years in age fell 2.2%, which in line with the 2.2% average losses recorded over the past five years.
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Through the first half of this year, 2.1 million vehicles have been leased, a 4.4% decline from a year ago and the first time in four years that leasing has seen a year-over-year decline, according to the latest Edmunds Lease Market Report.
Read More →KASP Auto Auction has named Michele Pierog as vice president of national sales. Pierog, who has over 15 years of experience in the industry, most recently served as director of national sales at Auto Auction of New England.
Read More →RMS Automotive and vAuto have partnered to make it more convenient for dealers to evaluate and acquire manufacturers’ premium off-lease and off-program vehicles before they get to auction, according to a company announcement.
Read More →Online used vehicle marketplace Shift has raised $38 million in a series C round of funding led by BMW's venture capital business unit, iVentures. Other participants included DFJ, Highland Capital, G2VP, and Goldman Sachs Investment Partners.
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Hertz Global Holdings Inc. plans to report its second quarter 2017 financial results on Tuesday Aug. 8.
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The average monthly payment for a leased vehicle in July has remained essentially flat from the previous month when the average monthly payment was approximately $340, according to online lease deal marketplace Wantalease.com.
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Avis Budget Group Inc. plans to report its second quarter 2017 results after the market close on Monday Aug. 7.
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