News
Used EVs Strengthen Overall Electric Vehicle Market
The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
Read More →The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
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Auction sales volume of 8-year-old models totaled 366,212 units in May, a decline of 3% compared to the previous month and a nearly 2% increase from the same time last year, according to J.D. Power’s Used Car and Light Truck Guidelines June Industry Update.
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Lainey Strohmeyer brings more than 12 years of experience in recruiting and human resources to the role.
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Prices consignors booked from off-lease fleet vehicles fell 0.2% in May, but remain up 3.5% from a year ago, Tom Kontos wrote in his monthly Kontos Kommentary.
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Insurance Auto Auctions, Inc. has begun construction of its 16th Texas auction near Fort Worth, which is scheduled to open in November,the company has announced.
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Small pickups and sporty cars were the top performing vehicles in their respective segments last week, according to Black Book’s Market Insights June 12 report.
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Copart, Inc. has acquired Cycle Express, LLC, which primarily conducts business as National Powersport Auctions (NPA) for an undisclosed amount, according to a company announcement.
Read More →Black Book will be powering MyDealerOnline, an online vehicle valuation resource that uploads wholesale auction and other wholesale-sourced vehicles to dealer websites, according to the company.
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Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.
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After more than a decade as president and CEO, Jim Yates will be retiring from Alliance Inspection Management (AiM) effective immediately, according to a company announcement.
Read More →Four leaders from KAR and its ADESA and Automotive Finance Corporate (AFC) business units will be featured speakers and panelists at the upcoming National Independent Auto Dealers Association (NIADA) Convention and Expo, according to a company announcement.
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