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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TPC Management Company has made two executive appointments, promoting Penny Wanna to the post of president of Auction Academy, and Jiles Wanna as vice president client services of TPC.
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J.D. Power has named Doug Betts as senior vice president of global automotive operations, according to a company announcement.
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The truck segment outperformed cars and luxury car depreciation rates remained high last week, according to Black Book’s Feb. 20 Market Insights report.
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Subaru Canada, Inc. has won its first-ever Best Retained Value “Overall Brand Award in the Car Category from Canadian Black Book (CBB), according to an announcement from the company.
Read More →Manheim Detroit will be holding, what the company is calling, one of the largest truck-only sales on Feb. 23 at 9:30 a.m.
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After 39 years with General Motors — 31 of which were spent with the OEM’s remarketing organization — Manager of GM Remarketing Dan Kennedy has announced his intent to retire from the company.
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CarMax has opened a store in Murrieta, Calif., that will include a four-lane auction and serve as the West Coast reconditioning hub for the nation's largest retailer of used cars.
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Avis Budget Group Inc. has reported revenue of $8.7 billion for full-year 2016, an increase of 2% compared to 2015. For its fourth quarter 2016, Avis earned revenue of $1.9 billion, a 1% drop year-over-year.
Read More →Primeritus Financial Services, Inc., a provider of recovery management, skip tracing, and remarketing services to the U.S. auto finance industry, has acquired Global Investigative Services, LLC (GIS), according to a company announcement.
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A record number of newer model year off-lease vehicles returning to dealer lots this year will be putting significant upward pressure on the late-model used market, according to the February 2017 Edmunds Used Vehicle Market Report.
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