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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Insurance Auto Auctions, Inc. (IAA) has launched its enhanced Vehicle Details page on IAAI.com to streamline customer access to the most relevant and important vehicle information.
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NextGear capital has named Lisa Mackie as its vice president of sales, a newly created a new position to support future growth in the inventory-financing sector, according to a company announcement.
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Both cars and trucks realized a healthy seasonal boost to wholesale performance last week, according to Black Book’s March 27 Market Insights report. Depreciation among light trucks was at one of the lowest levels seen all year, and the overall car segment actually saw wholesale values appreciate.
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Cincinnati-based SGS has hired Scott Fornwalt as a national sales executive, the vehicle inspection and certification provider has announced.
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Auto auction industry veteran Eric Wagner will take over as the general manager of Tallahassee Auto Auction, after being appointed by Charles Nichols, the president of BSC America.
Read More →New-vehicle sales are expected to total 1.63 million units in March, a 3% year-over-year increase, resulting in an estimated 17.4 million seasonally adjusted annual rate, according to Kelley Blue Book.
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Auto Financial Group (AFG), an online provider of financing products for credit unions and banks, has named Dave Pratt as its new remarketing manager. In this new role, Pratt will be in charge of overseeing the daily operations of the company’s remarketing department.
Read More →RMS Automotive is pursuing a strategy to further enhance velocity for its clients by integrating consignors' open sale listings with OVE and Manheim.com, according to a company announcement.
Read More →Medium-duty trucks at auction have had a shaky start to 2017, with both volume and pricing down compared to the same time last year, according to NADA Used Car Guide’s March 2017 Commercial Truck Guide Industry Update. However, with a boost in demand expected in the latter half of the year, medium-duty trucks should finish off this year in better shape than in 2016.
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Automakers recalled a record 53.2 million vehicles last year in the United States, according to the National Highway Traffic Safety Administration (NHTSA). In 2015, 51.2 million vehicles were affected by recalls.
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