George Daniel Largay died on Sept. 30 from pancreatic cancer. He was 75 years old.
Read More →The National Auto Auction Association has named DAA Northwest Auto Auction as its 2019 Auto Auction of the Year for Excellence in Community Service.
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Used vehicle values are beginning to buckle as depreciation continues to accelerate, particularly among sedans, according to Black Book’s Oct. 1 Market Insights report.
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Incentive spending is projected to reach $4,159 (up 6% or $246), the highest level ever for the third quarter and just $28 short of the all-time quarter high set in Q4 2017.
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The average transaction price for a new light vehicle in the U.S. was $37,590 in September, a 0.6% year-over-year increase, according to Kelley Blue Book.
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Used fleet vehicles that sold at wholesale fell 1.5% to $13,603 in August from July, but remained up 1.2% when compared to the same month a year ago, according to Tom Kontos, chief economist for KAR Auction Services.
Read More →Eddie Lafferty will serve as general manager at Manheim Seattle and Danny Brawn will serve in the same role at Manheim Nevada.
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KAR Auction Services Inc. has rebranded and will begin doing business as KAR Global, the company announced.
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The sale ran more than 900 vehicles — about 80 of them were exotics and classics — and saw a nearly 70% conversion rate.
Read More →KBB stated that OEMs, dealers, website publishers, and auto industry product developers can reach out to the company in order to begin the process of incorporating its five-year TCO data onto their websites.
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