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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Wholesale used-vehicle prices in October averaged $10,499, a decline from September but a 3% increase on a year-over-year basis.
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Continuing last weeks trend, the depreciation rate for car and truck segments slowed down during the week of Nov. 4, and prestige luxury cars continued to lead cars with the lowest wholesale values of the segment. New to this week, however, were compact vans showing the lowest wholesale values across both segments with a 2.18% drop, which had rested at 0% the previous week.
Read More →KAR Auction Services has acquired Flint Auto Auction, a whole car auction facility in Flint, Mich., which will now operate as ADESA Flint.
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KAR Auction Services Inc. has announced the creation of new enterprise functions and leadership roles in product development, data analytics and strategy. The company has both promoted from within and recruited from outside sources to fill these new roles.
Read More →ACV Auctions has hired Michael Waterman as its vice president of sales. He will play a key role in helping the company grow its mobile-enabled live auctions.
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ADESA has promoted Kevin Rhoads to general manager of ADESA Kansas City, effective immediately. The previous GM of ADESA Kansas City, Harold Chapman, now leads ADESA Nashville.
Read More →Independent auctions had double-digit growth in digital remarketing transactions compared to last year due in part to offerings from OVE Cox Automotive, such as two-way text notifications and live bid and offer reports, according to the company.
Read More →MyDealerLot (MDL) has released Service Drive Concierge, which uses License Plate Recognition (LPR) technology as an alternate identity trigger to MDL's Radio-Frequency Identification (RFID) tool.
Read More →Copart Inc. has activated reserve land in Georgia and Virginia, in addition to the expansion of existing locations in North Carolina, South Carolina, and Florida. The land expansions and activations are connected to Hurricane Matthew, allowing Copart’s Catastrophe Response Team to provide even greater service in response to weather-related damage.
Read More →Wholesale used-vehicle prices declined in October 0.7% and non-seasonally adjusted prices declined 2%, showing a downward trend for all vehicle segments in recent months.
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