Analysts found that, as in 2018, consumers continued to abandon car segments in 2019. Light trucks are on track to account for more than 70% of overall new-car sales for 2019, while cars will account for less than 30% of new-car sales.
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As we reach the end of 2019, we’re looking back at the top 10 news stories and top five articles posted on Vehicle Remarketing this year.
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IAA has relocated its Jacksonville, Fla. branch. This branch is one of 11 the company operates in Florida.
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The International Automotive Remarketing Alliance’s (IARA) CAR Certification became part of Auction Academy’s curriculum in February 2018.
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Quanta Services has partnered with Ritchie Bros. to develop a new online inventory management system that will help improve how the company redeploys assets across its operating locations and subsidiaries.
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Dealers who purchase a vehicle on Manheim Express are now able to order Ready Logistics’ transportation services directly through the app.
Read More →Bruce Beam, president of ServNet Auctions and general manager of Dealers Auto Auction of OKC, outlined some of his and the organization’s goals for the coming year.
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ACV Auctions said this acquisition furthers its mission to provide the industry with an accurate view of vehicle conditions.
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The wholesale market experienced above average depreciation last week, but there is the sentiment among remarketers that values may begin to stabilize soon.
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Former fleet vehicles sold by KAR Global's ADESA remarketing unit fell 3.2% in value in November from the prior month but remain 3% ahead of a year ago partly due to a softening wholesale market.
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