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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A 2015 Chrysler 300 was auctioned off for $27,000 at the NIADA Convention and Expo on Thursday for charitable purposes.
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Automotive Finance Corporation (AFC), a business unit of KAR Auction Services, Inc., has named Jim Money as its president. He most recently served as CFO of AFC and will assume his new role effective June, 25.
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Cox Automotive and the National Independent Automobile Dealers Association (NIADA) presented the sixth annual NIADA and Cox Automotive Community Service Award to Fairly Reliable Bob’s, Inc. (Boise, Idaho) during the 70th NIADA Convention & Expo in Las Vegas this week.
Read More →May depreciation accelerated as wholesale prices of used vehicles newer than eight years old fell by 2% when compared to April, but the numbers showed improvement over the 2.7% average decline captured in the month of May the last four years.
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In May, average wholesale values fell relative to April, though they remain up on a year-over-year basis largely because of the price strength of trucks, according to ADESA.
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Smaller cars, including sub-compact cars and compact cars, are two of the three vehicle segments displaying the greatest single-month drop in value, according to the recent Black Book Market Insights report.
Read More →Class 8 auction volume has remained steady, and well behind the inflated numbers of the second half of 2015.
Read More →BMW Financial Services has made BMWGroupDirect.com accessible to independent and non-BMW franchise dealers. BMWGroupDirect allows any registered dealer online access to BMW Group’s national inventory of off-lease vehicles.
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Charleston Auto Auction, an XLerate Group Auction, raised $15,000 with its partnered dealers for the Stall High School H.O.M.E. project, making a donation for every vehicle bought and sold from May 6 to 27.
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Auction Academy, the professional training program developed by TPC Management Company, reports that the 2016 academic year has seen the introduction of a number of robust training sessions and the graduation of its third Class Group.
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