Ryan Edwards has joined Dealers Auto Auction of Murfreesboro as the auction’s general manager.
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November’s Index registered at 116.5, a 0.2% gain from the previous month.
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KAR Auction Services, Inc. has reached a definitive agreement to acquire CarsOnTheWeb (COTW), an online auction company serving the wholesale vehicle sector in Continental Europe, according to a company announcement.
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The small pickup segment experienced its highest depreciation of the year last week, according to Black Book’s Dec. 3 Market Insights report.
Read More →One tactic that OEMs are leveraging in order to offset some of this growth is the use of incentives.
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The average price for used fleet vehicles fell 2% at auction in October, but remained 6.1% higher than a year ago amid a strong month for wholesale prices, according to Tom Kontos, KAR Auction Services' chief economist.
Read More →Chad Bailey, president of Akron Auto Auction, has officially taken over as president of the National Auto Auction Association (NAAA).
Read More →Manheim has named Fredrick Standfield as senior vice president of its assurance and reconditioning group, according to a company announcement.
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Vehicle values were stable last week. Seasonal trends and lower demand have accelerated depreciation higher than where it’s been for most of the year, but this recent week represented an improvement over the market’s performance two weeks ago.
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ALG has named Subaru and Land Rover as the winners of its 2019 Residual Value Awards for the overall mainstream and premium brand categories, according to a company announcement.
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