Second quarter revenues featured a 2% increase in rental days.
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ADESA has created a new role to direct and activate the team that develops relationships with its large-scale buyers and sellers.
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Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by a quarter-point to 2%.
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Depreciation among car and truck segments improved slightly last week, but overall remains fairly stable, according to Black Book's July 29 Market Insights report.
Read More →IAA has acquired DDI Technology, an electronic lien and title technology firm that is directly integrated with over 4,400 financial institutions and DMVs in 26 states.
Read More →Brian Wong will take the position at ADESA Flint, Mark Melton will lead ADESA Las Vegas, and Eric Carpenter will serve as general manager at ADESA Colorado Springs.
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Copart CEO Jay Adair stated that this new location is a strategic step in expanding the company's footprint in the state.
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Cox Automotive is forecasting 1.38 million U.S. auto sales in July, which would represent a 0.5% increase from the same time last year.
Read More →AFC, which is a business unit of KAR Auction Services Inc., has promoted Kyle Maurer to VP of operations for the East Division.
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Improvements in infotainment systems and increased availability of advanced driver assistance systems are making customers increasingly satisfied with their new vehicles, according to the J.D. Power 2019 Automotive Performance, Execution and Layout Study.
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