Copart has opened a new 53-acre location in North Charleston of South Carolina.
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KAR Auction Services, Inc. has completed the acquisition of CarsOnTheWeb.
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Online sales of used vehicles in the wholesale market likely exceeded 2 million in 2018, as remarketing technology made it easier for dealers to evaluate, bid, and buy vehicles beyond physical auction locations.
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The awards measure the cost-of-ownership of a vehicle using eight different cost factors: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs.
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After several weeks of rising depreciation, vehicle values stabilized last week.
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General Motors and GM Financial hosted the sale of its 15 millionth remarketed vehicle on GMF DealerSource.
Read More →Copart has expanded its El Paso, Texas location by increasing vehicle storage by an additional 10 acres, the company announced.
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The new technology — Lot Vision — is a GPS-based wireless device placed in a vehicle's on-board diagnostics port. The tracking device can also be attached to a steering wheel in the event that a vehicle does not have an on-board diagnostic port.
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For the third year in a row — and fourth overall — Toyota has earned Kelley Blue Book's overall Best Resale Value Award for mainstream brand.
Read More →TradeRev will condense its auction time frame from the current one-hour auction and one-hour closing period to a 45-minute auction and 15-minute closing period beginning Feb. 5, 2019.
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