KAR Global Launches Enhanced Condition Reports for BacklotCars
The digital auction company is collaborating with Thoughtworks to expand capabilities, accuracy and transparency.
The digital auction company is collaborating with Thoughtworks to expand capabilities, accuracy and transparency.
The Ford F-150 Lightning, which just started deliveries to customers in March and is sold out, was the third most-shopped EV and the seventh overall among electrified vehicles.
Prices remained steady at already-elevated levels, and the conversion rate bumped up in March.
The average listing price at the end of April was $28,365, surpassing the $28,000 mark for the first time since December 2021.
The trend continues to be much worse now than a year ago when prices were notably lower and incentives were higher.
Year to date, the total used-vehicle market is on pace to finish down more than 10% from 2021’s 40.6 million total.
Orlando Longwood Auto Auction plans to install Black Widow Imaging to improve their customer experience.
Used vehicle marketplace KAR Global has now sold all of its ADESA U.S. physical auction business to Carvana. KAR will continue to operate its online auction portal Openlane.
The overall used-vehicle market is experiencing a weaker spring than expected
The International Automotive Remarketers Alliance opens registration and releases a schedule for its conference that brings together consignors, auctions, dealers, and finance companies.
After including dealer and manufacturer fleet sales, the total fleet share of all sales was 14%, up 2% from April 2021's fleet share.
Combined sales into large rental, commercial and government buyers were up over 4% year over year in April.
The Northern California operation is recognized for setting a standard of excellence for the auction industry.
The two-day extravaganza of the Maryland operation spanned a gala evening, a mass vehicle auction, fireworks, and local accolades.
Carvana’s Ernie Garcia and Parkmyfleet CIO Kristin Slanina will bring their latest insights for consignors and auctions at the International Automotive Remarketers Alliance annual Summer Roundtable.
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