TradeRev has expanded its digital platform to two new markets: Kansas City, Mo. and Minneapolis, the company announced.
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Van, pickup, and compact car wholesale values stood out last week, amid a fairly stable wholesale market, according to Black Book's Aug. 12 Market Insights report.
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The International Automotive Remarketers Alliance's current president, Tim Meta of Fifth Third Bank, will pass the gavel to Paul Seger, EVP, asset remarketing at Element.
Read More →John Brasher and Robert Sullivan will head ServNet's executive team and will assume leadership of the auction group on Jan. 1, 2020 after longtime ServNet CEO Pierre Pons steps down.
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The average interest rate for a new-vehicle loan dropped for the third month in a row in July, hitting its lowest level of 2019, according to Edmunds.
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Digital sales have grown 12% through the first six months of 2019, according to KAR Auction Services' 2019 second quarter earnings call.
Read More →Nissan Motor Acceptance Corp. will pay $3 million to the U.S. Department of Justice to settle claims of improper repossessions and lease terminations of members of the military.
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Adjusted net income for the second quarter 2019 was $71 million.
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Used-vehicle valuation and forecast solutions provider Black Book (div. Hearst) released its Used Vehicle Retention Index for July, showing no change from June, when the index improved to 115.
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The device comes in the form of a low-profile tool that uses ACV's mobile hardware and software technology to provide high-resolution bumper-to-bumper view and image of a vehicle's undercarriage in less than one minute.
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