News
2026 CAR Awards Celebrate Industry Excellence
CAR’s annual Fleet Remarketing Awards opened a reimagined 2026 conference designed to bridge the worlds of fleet management and automotive remarketing.
Read More →CAR’s annual Fleet Remarketing Awards opened a reimagined 2026 conference designed to bridge the worlds of fleet management and automotive remarketing.
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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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Both the car and truck segments experienced an overall reduction in depreciation during the week of Oct. 28. Overall truck wholesale values decreased by 0.58% during that week, compared to 0.76% the week before. For cars, overall wholesale values decreased by 0.53%, compared to 0.80% the previous week.
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Hertz Global Holdings Inc. has reported revenue of $2.5 billion for its third quarter 2016, a 1% decline compared to last year, due to higher vehicle depreciation and a decline in rate per day.
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Depreciation for 1- to 5-year-old vehicles saw a significant increase to 2.9% for October from the 2.3% September rate with passenger cars seeing greater weakness, according to Black Book.
Read More →Enterprise Holdings and Enterprise Fleet Management increased revenue 8.1% to $20.9 billion for the 2016 fiscal year for its rental and fleet management businesses, the privately-held company has announced.
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Manheim has hired Aaron Cervantes as its assistant general manager of customer at its Riverside, Calif., auction facility, the company announced.
Read More →The XLerate Group has added a new reconditioning center to its Charleston Auto Auction in South Carolina that will expand services for dealer and institutional clients. The 6,500-square-foot center opened on Nov. 3.
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