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NewsJune 28, 2017

IronPlanet Sets End-of-Quarter Auction

IronPlanet will run its end-of-quarter events from June 27 to 30, featuring an All-Humvee Auction and three equipment sales on the IronPlanet and GovPlanet websites.

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NewsJune 28, 2017

Jeep Wrangler Named Most American Vehicle by Cars.com

The Toledo, Ohio-built Jeep Wrangler topped the list of most American vehicles on Cars.com's American-Made Index, which also listed Ford, GM, and Honda vehicles built in the Midwest and South.

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NewsJune 28, 2017

FSNA Files for Bankruptcy to Protect U-Save Brand

Franchise Services of North America Inc. (FSNA), franchisers of the U-Save brand, has filed for Chapter 11 bankruptcy protection to preserve the value of its assets for the benefit of creditors and shareholders.

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NewsJune 27, 2017

Wholesale Auction Business Grew 4.6% Last Year

Wholesale auctions sold 9.8 million vehicles worth $100 billion in 2016 with the majority coming from dealer consignment, according to the National Auto Auction Association (NAAA). The association has been surveying its members for 20 years.

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NewsJune 27, 2017

Values Stabilize After Month-Long Car Decline

Wholesale cars that have been depreciating at roughly double the rate of trucks in the past month have stabilized in the past week, according to Black Book’s June 26 Market Insights report.

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NewsJune 23, 2017

CarMax Wholesale Profit Per Unit Rises Nearly 2%

Delayed tax refunds led to a slightly higher gross profit per wholesale unit at CarMax, the company reported during its quarterly earnings call for the quarter ending May 31.

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NewsJune 23, 2017

Manheim Louisville Named Top Fiserv Auction

Manheim Louisville of Clarksville, Ill. has been named the top-performing auction of 2016 by Fiserv, Inc., a provider of financial services technology solutions.

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NewsJune 23, 2017

Carvana Expands Into Oklahoma City

Carvana has expanded its business of vehicle vending machines into Oklahoma City, which is the company's 30th market in the U.S., Carvana has announced.

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NewsJune 23, 2017

More Segments See Lower Lease Prices in June

The average monthly payment for a leased vehicle came in at $340.37 in June, a slight reduction from last month’s average of $352.80, according to online lease deal marketplace Wantalease.com.

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NewsJune 21, 2017

XLerate Charleston Auto Auction Adds Four to Sales Team

XLerate Charleston has expanded its auto auction sales team by announcing four new additions to the team, according to an announcement from the Auction.

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