Nick Peluso, president of Manheim Digital Marketplace, received the Ed Bobit Industry Icon award on Tuesday during an award ceremony at the 2019 Conference of Automotive Remarketing at the Caesars Palace in Las Vegas.
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The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.
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Westlake Financial Services has selected America's Auto Auction Harrisburg as its auction of the year and named five auctions that were the top in their regions in 2018.
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The cars, yellow with black stripes, were placed at airports throughout the country and rented out to travelers last year.
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New-lease marketplace Wantalease.com reports falling average lease costs for a variety of Chevrolet and Ford vehicles.
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ADESA Buffalo recently earned two Ford Auction Service Award Program (ASAP) awards for its 2018 performance.
Read More →With this acquisition, America's Auto Auction now includes 22 locations.
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In the month preceding the start of the Spring season, trucks continued to show the resilience they've shown in past months. A few key segments showed particular strength and luxury vehicles continued to struggle.
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The two awards the auction received were the Top Selling Independent Auction for 2018 and Soaring Eagle Award, which is awarded for selling over 1,000 cars on the SmartAuction digital sales platform.
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Overall depreciation was lower last week and midsize car values, in particular, saw a noticeable lift.
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