With the exception of luxury vehicles, most vehicle segments saw stable values last week.
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Originations for car buyers and lessees with sub-620 credit scores grew 13% to $27.9 billion, accounting for 21.8% of total outstanding auto balances in the Fed's latest Household Debt and Credit report.
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ADESA named the general manager of ADESA Mobile Auctions and the national manager of ADESA UVA.
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Used vehicles from fleet consignors in ADESA sales increased 4.3% to $13,771 in April compared to March, and were up 4.4% from a year ago, according to monthly commentary from Tom Kontos.
Read More →Recovery Database Network (RDN) has launched On-Hook Status, a real-time repossession status tracker.
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Overall wholesale values remained stable last week, however, luxury values continued to decline last week.
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Hyundai topped Autotrader's list of 10 best non-luxury CPO programs for 2019.
Read More →Kevin Stumm will serve as the general manager of ADESA Des Moines while Jeff Brinkley will serve as GM of ADESA Salt Lake.
Read More →Pierre Pons, who served as ServNet's CEO for 12 years, will step down as the organization transitions into a single executive director-led structure.
Read More →As part of its 20-year anniversary, Openlane has a series of new enhancements, releases, and promotions planned for the duration of this year.
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