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NewsMarch 16, 2017

Central Auto Auction Expanding Conn. Facility

Central Auto Auction of Hamden, Conn. will open a new vehicle evaluation center, service department that specializes in tires, and a fourth lane in 2017, the auction announced.

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NewsMarch 14, 2017

Cars Outperform Trucks, Luxury Cars Continue to Falter

Luxury vehicles, which experienced the biggest depreciation change among both light car and truck segments last week, continued to struggle last week, according to Black Book’s March 13 Market Insights.

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NewsMarch 14, 2017

FLD Adds Truck Inspection Template to Inspection App

Delray Beach, Fla.-based FLD, Inc. has added an inspection template for industrial lift trucks to its OnceOVR Pro mobile app for completing vehicle condition reports, the remarketing services provider has announced.

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NewsMarch 13, 2017

Lease Credit Approvals Jump 33.3% in February

Car lease credit applicants registered a 72.2% approval rate in February, a 33.3% increase from January’s 50% approval rate but flat with a year ago, according to Swapalease.com.

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NewsMarch 13, 2017

Black Book Creates Vehicle Retention Index

Black Book will begin offering the monthly Used Vehicle Retention Index to measure the strength of used wholesale market values, the company has announced.

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NewsMarch 11, 2017

Mitsubishi Mirage Tops Cheapest Cars to Lease List

The Mitsubishi Mirage topped a list of the most affordable cars for retail leasing under a methodology that relies heavily on depreciation as a driver of total leasing costs.

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NewsMarch 10, 2017

ACV Auctions Secures $15M for Mobile Platform

ACV Auctions, a mobile auctioning platform, has secured $15 million in venture funding, according to a company announcement. The company will use this new round of funding to expand its business into new territories.

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NewsMarch 10, 2017

XLerate Acquires Pa. Auction CADE

The XLerate Group has acquired Corry Auto Dealers Exchange (CADE) from Merle Swift, which marks the group's entry into the Pennsylvania auction market, the company has announced. Terms were not disclosed.

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NewsMarch 9, 2017

XLerate Group Receives Auction Safety Award

The National Auto Auction Association awarded XLerate Group Auctions with the Warren Young Scholastic Foundation award that signifies the auction group’s participation in the NAAA’s Auction Safety Certification and Lane Safety training program.

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NewsMarch 8, 2017

Insurance Auto Auctions Expands Into Seven States

Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, has announced that it will be expanding into the Arkansas, Idaho, Indiana, Louisiana, Maine, Pennsylvania, and Oregon markets.

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