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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Voting is open for the 2017 Consignor of the Year award, sponsored by the Bobit Business Media and the National Auto Auction Association. The ballot closes on Wednesday, Jan. 25, and the winner will be announced at the 2017 Conference of Automotive Remarketing, held March 1 to 2 at the Paris Las Vegas Hotel.
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Patty Stanley, ServNet's chairman of the board and owner of two ServNet auctions, has been inducted into the NAAA Hall of Fame. She received the honor during the NAAA/NRC Convention in Las Vegas in November.
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The 2017 Conference of Automotive Remarketing will feature a wide array of consignors participating in panel discussions around the most pressing topics in the vehicle remarketing industry over two days in early March, event organizers announced.
Read More →Dealers Auto Auction (DAA) Group raised $40,412 for the Kruz’n for a Kure foundation, which aims to find a cure for a fatal form of dwarfism.
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Two-year-old compact van retention values declined sharply this year, with the values being four-percentage points lower this year for 2014 model-year vehicles in comparison to last year for 2013-MY vehicles.
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Chevin's updated website has been given new features and is now more mobile-friendly.
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The IARA held its Compliance Committee summit meeting where it laid out the plans for the organizations newly formed committee that explores the simplification of compliance and audit procedures in the remarketing industry.
Read More →A notable deterioration in the performance of subprime auto loans in the third quarter has shown approximately 6 million individuals that are at least 90 days late on their auto loan payments, the Federal Reserve Bank of New York has found.
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Five model years of used vehicles depreciated 2.3% in November, which showed a slight improvement from October and remained in line with the typical weakening of values at this time of year, according to Black Book data.
Read More →The Consumer Financial Protection Bureau (CFPB) has begun actively evaluating the practices of vehicle repossession firms around the handling of personal property recovered from a repossessed vehicle.
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